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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TSX:ATH - Post Discussion

Athabasca Oil Corp > Starts to become a real takeover target

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Post by MLEWICKIMBA on Mar 02, 2023 2:49pm

Starts to become a real takeover target

1. No taxes for seven years....

2. Big increase in net assets

3. Balance sheet by EOY 2023 best in class -- No mid cap can compete I feel.

3. Debt will be reduced further this year by $25M is my estimate -- leaving an amount of $50M +5% retirement amount over the remaining three years if they choose.

4. Performing assets due to great management.

5.. It is likely in three years this is $10.00 stock.

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Comment by Maxmoe on Mar 02, 2023 3:01pm

It could be. I've stuck to my plan to take it one double at a time. If I see a reasonable scenario for a double in 12 months, I just keep holding. It's done me well. Many doubles ver the last 3 years. I don't think we need $100 oil for the next double to $6. A healthy buyback with $80 oil should do it. Net debt will become net cash. When we hit $6 we can discuss the $12 scenario ...more

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