RE:RE:RE:Athabasca Oil Corp Prime Takeover Candidate Right NowPerhaps your computer is unable to display caps. If so, time for an upgrade.
SellSideHandbook.com: "Gross Overriding Royalties (GORR) are royalty interests that are attached to a lease or working interest. The GORR is not subject to expiration or termination as long as the underlying lease is valid – however, if the lease is broken, the GORR is worthless."
ATH has lots of value even if a bigger player doesn't buy it. Any buyer would be encumbered with ATH's GORR I suppose that the same would be true of many other companies up for sale, but a buyer might prefer not to be so entangled when choosing targets. In the end, it boils down to value, including royalties, tax credits and a million other things. Your post is more entertaining than most.