Bullboard - Stock Discussion Forum Athabasca Oil Corp T.ATH

Alternate Symbol(s): ATHOF

Energy Oil & Gas E&P

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

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Athabasca Oil Corp > Nutall logic, MEG vs. ATH

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Post by elducky on Jan 28, 2022 2:41pm

Nutall logic, MEG vs. ATH

Meg is one of his top 3 picks (so he's probably selling), because of strong cash flow etc, and, $3-$4/share of tax pool value, on a $15 stock.

ATH has $1.20 of tax pool value, trading at $1.20! Someone could take ATH out basically for free, and just have to take on the debt, which will be gone in a year.

This will pass shortly, but it's totally nuts. The people who understand all this are buying more today.

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Comment by filefish on Jan 28, 2022 3:08pm

Nuttall's stated investment strategy for 2022 is to buy Canoils on the cusp of returning CF to shareholders. ATH is still about a year away from doing that. Add to the fact that they are hording lots of cash on the balance sheet at a time when it really is not necessary to. MEG on the other hand is maybe 6 months away from its debt target and stated goal of returning CF to shareholders ...more

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