Athabasca Oil Corp T.ATH

Smells like ATH is heading for an acquisition?

[oilfan]

Would make sense. With oil price staying high and debts evaporating, the big fish would be looking around. M&As will explode soon. ATH is insanely undervalued. Their cap is not even USD 1B. $3B tax pool, huge reserve (and likely much larger than stated), steady FCF...this is one juicy target. This would explain the surpressed upticks in price on good days. A potential acquisitor would be accumulating and manipulating the price. Seen this pattern many times before.

[MLEWICKIMBA]

Excellent and intelligent analysis!

[MLEWICKIMBA]

Strathcona Resources - Waterous - could take Ath private - a few options exist.

[Deutz9170]

I believe your right. This one is behaving a lot like Claude Resources , before the run up in 2016 and take over of Silver Standard Resources .

[Jimmy1page]

I've thought this for a while. Hope you're right.

[cahclick]

I concur that M&A will pick up as the oily names get rid of their debt. I was worried at 30 cents but not now. glta  

[ComradeKomissar]

yeah, well, don't cheer too much. If a hostile bid were to be made, they'd only offer you a measly 30% premium from where the share price is here. 

[oilfan]

I am not cheering, just observing. $3.50 for ATH would be very disappointing but certainly a possibility. One has to assume that whoever would be doing the takeover would try to get it as cheap as possible. They would start with buying as many shares as possible and as cheap as possible under the radar until they have to declare their holdings. Then they would watch the market for a good

[Jimmy1page]

I would hope it's CNTL or Cenovus. Unfortunately both are carrying debt from recent acquisitions

[Jimmy1page]

CNRL

[Deutz9170]

A play from either of these two companies, would be with house money