Athabasca Oil Corp T.ATH

Fun with rumours

[Maxmoe]

Remember how Ath came to be? Buying out Statoil. Today chevron announced they were "willing" to sell their 20% interest in THE oil sands project. The mother ship. The gimungous cashflow machine. But not at firesale prices. Translation. Yes, at any price, they will sell, but the buyer will have to allow chevron to save face publicly about how they sold at at a 'fair' price. SO YOU ASK? So, how about this is the reason the refinancing has dragged on all year. It will be part of a HUGE deal for a little guy like ATH to not just roll it, but buy out chevron at the same time!!! Not gonna roll it, gonna ROCK and ROLL it. A doozy of a rumour.

[Nothingmatters]

If this rumour is true, ATH is going to be fastest rocket in town. ROCK AND ROLL BITC***

[khyber2]

I like the phrase, not at firesale price, [ to safe face]. so how much do you think ath could receive, $1.20, $1.50 ??? Oh , how I'm hoping. It's been 4 long years. Regards Khyber

[Nothingmatters]

But Ath does not have it. It is a $2.5 billion deal. CNQ is the probable candidate not ath, according to a news article.

[Chris007]

CNQ would indeed be the most probable buyer...they already own 70% (shell also owns 10%) https://www.shell.ca/en_ca/about-us/projects-and-sites/athabasca-oil-sands-project.html

[ComradeKomissar]

I was thinking the same. This week I was dealing with a similar scenario with an American company. A much smaller public company diluted itself 10x to raise funds to buy a much bigger, but private company. Bad news for old shareholders, but good news for me (I bought at 70% discount and made 30% in one day). This was done via equity. I am not sure how a debt deal for Athabasca buying Chevron will

[Maxmoe]

You're forgetting how Ath started. Statoil wanted out. Ath didn't have the capital. There were no other buyers. Ath sold bonds in Germany, probably using Statoil backing and connections, and Statoil financed the equity portion of the deal by buying 20% of ATH stock. CNQ might buy it. That would make sense, BUT they are notoriously cheap low ballers. NO WAY cnq bids anywhere near the $2.5

[2021Gamble]

I wouldn't put money on the speculation.....but ........Whitecap.....4th covid acquisition feather in the cap?  hmm.....smile.....me likeeeee....now that would be a rumour worth starting.... and...if memory serves.....executive relationship exists with a former Chevron employee in the upper ranks at WCP.....just to help things along....

[Backinblack1000]

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