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Bullboard - Stock Discussion Forum 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... see more

TSX:ATH - Post Discussion

Athabasca Oil Corp > Unusual volume
View:
Post by Torontohomer1 on Jan 19, 2021 6:14pm

Unusual volume

Here is my theory:

Equinor agrees to sell its 100,000,000 shares back to ATH for $.18 

Meanwhile it has been buying up the bonds at half price.

ATH announces the sharebuyback from Equinor. Stock returns to $1.00

ATH on solid footing.

ATH anounces new bond, bond repayment. 

Equinor make $200,000,000 on bonds, $18,000,000 on the shares. 

Still up $218 milion compared to the $147 million shares were "valued at" when they sold Lesimer to ATH.
Comment by lovehockey on Jan 19, 2021 6:18pm
Problem with this theory is ATH wouldn't be able to buy 20% of its stock as part of buyback problem. The maximum allowed is 5% of total or 10% of the public float. 
Comment by Eigen337 on Jan 19, 2021 6:24pm
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