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 > Good to see BTE get punished today

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Post by TheWokeLemming on Feb 28, 2023 3:37pm

Good to see BTE get punished today

While I feel horrible for BTE investors and just got out myself on Friday, I believe it's good to see BTE get severely punished today and the entire Canadian energy sector to a certain extent. BTE has a new CEO that couldn't resist going into the toy store and buying a shiny new toy. The market reaction (and subsequent possible lawsuit) certainly sends a message to all CEOs in the industry to maintain low debt and increased shareholder returns without dilution.

Hopefully ATH management is paying attention. Companies that increase debt to expand will see investors flee in droves, myself included.

My opinion only.

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Comment by Deutz9170 on Feb 28, 2023 4:09pm

You're in the public market for growth. The deal that Baytex made, drove Ranger shareholders to their lawyers. Because of what Baytex stole the company for. Your lemon aide stand type business views are more suited for street curbs. Way to go Baytex team!!!!

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