Athabasca Oil Corp T.ATH

Tax bill for Suncor

[PUNJABI]

Statement from Suncor balance released today.


"the full-year current income tax expense range has increased from $1.4 billion-$1.7 billion to $2.1 billion-$2.4 billion.

 

Fundamentals of ATH

 

Security Type	Equity
Shares Issued	530,844,591
Market Cap	690,098,000
Year High	1.56
Year Low	0.225
Annual Earnings/Share	0.04 CAD
P/E Ratio	32.50
Annual Dividend/Share	0.00 CAD
Annual Dividend Yield	0.00 %
Ex-Dividend Date
Sector	10102020 - Oil & Gas Exploration & Production

ATH has $3.2 B in tax pool and a market cap of about $690m. Why not take out the company for the value of the tax pool or even less and make money on the tax pool and also get free assets.

[Oil2018]

What a tough call....stocks like gear are likely to outperform ath...but the thought of someone taking ath out now could be profitable when you hold 400k of shares !! Decisions Decisions

[Helloworld]

Gear at this point is extremely overvalued compared to Ath and will enter the dump phase of the pump soon enough. FCF for gear at 85 wti is about 60 million. So a FCF yield of 15% and 10 year inventory. Ath is a FCF yield of over 50 percent at 85 wti once hedges roll off in 2023. If oil remains over 70 at year end it would be crazy if gear has a SP above ath.

[Oil2018]

Ok thank you. I'm in with ath with 400k shares. I'm been in for 6 years now in three positions. I'll stay in!