Athabasca Oil Corp T.ATH

The million $ question

[ManitobaCanuck]

Who bought the rest of  ATH stock .
Does Nutsac have some thoughts about potential acquirers , news that it might soon be taken out and is holding a chunk to get a deal from a potential acquirer .
If he does and makes a 5x on this ,then all his previous blunders are forgiven.

[bosstrade]

He's definitely no buffet and not along term buyer ever. He does have conviction like all of us towards oil, but will try and make a nominal amount and move out. But he must think they have good short term upside. That is good. As posted before.I think ath bought back some and have refinanced and continue to buy.

[Oil2018]

With upside to oil why wouldn't they wait for the right takeout when the price is higher. Nutall may be playing this as a long term play?

[goldman777]

I agree...it`s easy to over think stuff. For me it`s black and white...Equinor dumped, maybe they`ll get it right, maybe they`ll get it wrong. For whatever reason they can walk the higher path - see you later, WTF needs you. They sold and a plethora of buyers - myself included stepped in for the fire sale. Biden signing off on Keystone was the deciding factor no doubt for Equinor, like I said

[ibribr2]

nutballs has to hold long term. He cant day trade this when he owns 50x the average daily volumes. Hows he gonna get rid of shares without collapsing the share price?

[WorldEnergy]

I agree. One of the reasons he hasn't bought ATH for the past while is lack of liquidity when it became micro cap. He wants to hold this relatively long term.

[Oil2018]

These guys in the industry are all connected. Nutall was not pleased ath didnt buy there shares over the last three years. In end he may have been reassured of a buy back and refinancing at some point. Of note great call for ath to conserve cash and not buy back before covid hit. I hope he stays invested till it 3$. Hopeful thinking...good luck folks