Athabasca Oil Corp T.ATH

Is there something cooking

[ManitobaCanuck]

I dont mean this to be another conspiracy theory . Just something ticked off or am i over speculating . Coincidence is very rare in the investing field.

1) Equinor trnasferred its assets to a Netherlands company
2) HSE merged out with CVE

Equinor still has interests in Canada ,see below ,with Equinor submitting for a stake in CVE like Li Ka did for HSE .

Is Athabasca the next takeout target for CVE ?

Harpoon is located on the Bay du Nord project, a 65-35 joint venture between Equinor and Husky Energy (now part of Cenovus Energy Inc. (CVE: $8.35)) about 500 kilometres off the coast of Newfoundand. Operator Equinor made the discovery through the Harpoon O-85 exploration well way back in 2013. It did not apply for a significant discovery licence until 2020, but kept busy in the meantime by making other discoveries in the basin and reaching a benefits agreement with the Newfoundland government over a potential commercial development. The C-NLOPB officially granted the significant discovery licence for Harpoon in October, 2020. Yet it did not release a resource estimate at the time, so the extent of the discovery was unknown. Now the regulator has pegged the recoverable oil volumes at 40 million barrels.

For context, the overall recoverable oil volumes at Bay du Nord were previously estimated at 407 million barrels. As noted above, Equinor has shown interest in developing the project, proposing a $5-billion development (U.S.) plan back in 2018. In March, 2020, however, the project was suspended because of COVID-19 and low oil prices. Even then, Equinor did not lose hope. In August, 2020, a voluminous environmental impact statement -- over 2,000 pages, plus an additional 1,100 pages of appendixes -- gave the 2018 plan some fleshing out, while suggesting that a final investment decision could arrive as early as 2021. This could allow for further drilling in 2022 and construction in 2023, with the "earliest possible date" for production being 2026, according to the tome. Equinor has not committed to any of these dates. At this point, the project remains speculative, but the resource update from Harpoon is encouraging.

[Chris007]

The "Netherlands company", is "Equinor International Netherlands B.V.", a wholly owned subsidiary Equinor ASA. As per form Form 62-103F1, filed Dec 16:   Item 2 – Identity of the Acquiror 2.1 State the name and address of the acquiror.    Equinor ASA indirectly holds 100,000,000 Common Shares of Athabasca, which were acquired pursuant

[ManitobaCanuck]

Thx Chris , like the way you bring down pumpers to size with cold bare facts . I was implying that consider previous tie-ups between Equinor and HSE(now CVE),any possibility of a merger /takeover of ATH by CVE . There has been a lot of M& A activity but the stake transfer of Equinor sure does ring some bells of potential activity . Anyways we will know in a few months if it was a red herring

[lovehockey]

Timing for a takeover be bad now for ATH shareholders unless it is a premium of 100+ % which is unlikely. It can gain 200 to 400% on its own. However never say never. disappearance of almost all shorts in a shortest time possible is also very alarming. It is possible that something is definitely cooking.

[bosstrade]

Agree. Anytime all the shorts leave without a public released reason, there is a deal. We won't have to wait long. Poised to takeoff. So were talking days until they announce.

[Chris007]

The vast majority of the shorts left in October... Symbol Report Date Volume Change Shares Issued % Float T : ATH 2020-12-31 2,507,637 156,392 530,675,391 0.47 T : ATH 2020-12-15 2,351,245 -1,448,438 530,675,391 0.44 T

[Chris007]

The transfer of shares from Equinor Canada Ltd. to Equinor International Netherlands B.V. may mean something is up, or it may be just business as usual (internal corporate reorganization), as per the reason given in the filing. That being said, I did some digging, and Equinor was/is currently engaged in an internal corporate reorganization, as per the following news release from the company n Nov