Athabasca Oil Corp T.ATH

Alternate Symbol(s): ATHOF

Energy Oil & Gas E&P

Athabasca Oil Corporation (AOC) is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. AOC’s segments include Light Oil and Thermal Oil. The Thermal Oil segment includes the Company’s assets, liabilities and operating results for the exploration, development and production of bitumen from sand and carbonate rock formations located in the Athabasca region of Northern Alberta. It also consists of two operating oil sands steam assisted gravity drainage projects and a resource base of exploration areas in the Athabasca region of northeastern Alberta. The Light Oil segment includes its assets, liabilities and operating results for the exploration, development and production of light crude oil and medium crude oil, tight oil and conventional natural gas. Its Light Oil segment consists exclusively of the Duvernay in the Greater Kaybob area with about 155,000 gross acres across Kaybob West, Kaybob North, Kaybob East and Two Creeks.

TSX:ATH - Post by User

Athabasca Oil Corp > 20% of MEG???

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Comment by ztransforms173on Mar 15, 2024 7:50pm

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Post# 35936022

RE:RE:RE:20% of MEG???

- the 5 TIMES HISTORICAL RATIO COMPARISON {many years back} was based on SHARE PRICE and NOT ENTERPRISE VALUE

- DIDN'T YOU GET the HINT ?:

- HOWEVER, the ATH S/O had GROWN while that of MEG has RECEDED so an ADJUSTMENT is REQUIRED

- they were USING the NOMINAL SHARE PRICE as a REFERENCE GUIDE TO TRADE IN and OUT of MEG and ATH {SWAPPING IN and OUT of ATH and MEG depending on the RATIO}

- this is BEFORE EQUINOR sold their STAKE in ATH

- it had NOTHING TO DO with M&A

z173

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