Athabasca Oil Corp T.ATH

Keep buying... Crescent point bought 30,0000bpd for 900 mill

[bosstrade]

Crescent point bought Shells kaybob assets producing 30,000 bpd for 900 million based on $50 WTI. ATH has 34,000, more assets and we are at $75 WTI. 
Sooooooo add another 225 mill foe 30,000 bpd. No charge for the extra 4000 bpd, its a bonus.
Thats $2 per share

[bosstrade]

As part of this Agreement, Crescent Point has agreed to acquire the Assets for $900 million. The Acquisition will be funded through a combination of $700 million in cash, accessed through the Company’s credit facility, and 50 million Crescent Point common shares. Upon closing, Shell will own approximately 8.6 percent of the outstanding Crescent Point common shares. With

[riski]

This ignores ATH debt.  That's why the share price is not $2. Still, I think that same CPG/Shell deal would go for well over a billion at today's prices/sentiment.  

[ManitobaCanuck]

At current prices they should have 300millionCAD in cash and debt of 570 millionCAD (450 millUS$). Even after subtracting debt and current sentiment this should be 1.5$ atleast . It looks like someone with a big stake  is either unloading to retail  or cross trading with another big entity in dark pool .  I maybe wrong but thats my opinion