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Athabasca Oil Corp T.ATH

Alternate Symbol(s):  ATHOF

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

Comment by Maxmoeon Sep 14, 2024 3:31pm
237 Views
Post# 36223983

RE:Nuttall Details

RE:Nuttall DetailsYup. I think he said he sold it around $5.40. It was closer to 10% of his fund. Strikes me as not much of a move to justify liquidating a 10% holding only to buy back half. Sounds like he would have bought back more but he couldn't or maybe he was just being too cute about it. Did you ask why he bought it back? Did he get a little squirmy and change the subject if a takeover discussion came up? Despite what he said on bnn, if he buys back the other half he sold, especially if it's higher than the 4.75ish he paid to buyback that first half, he's expecting a bid. And sooner than later. This year time frame. That's my interpretation, for whatever it's worth.
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