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

Add To Watchlist

TSX:ATH - Post Discussion

Athabasca Oil Corp > More consolidation in Energy?

View:

Post by spurwing2 on Oct 19, 2023 9:53am

More consolidation in Energy?

More consolidation?

Devon Energy (DVN) is considering major acquisition targets as it seeks to gain scale in U.S. shale, and has held preliminary talks in recent months about a combination with Marathon Oil (MRO). Devon has also been eyeing CrownRock, a Permian Basin producer led by Texas billionaire Timothy Dunn that has been exploring a potential $10B sale. If either deal goes through, it would be Devon's largest since its $2.6B takeover of WPX Energy. The update comes just a week after Exxon Mobil (XOM) said it will buy Pioneer Natural Resources (PXD) for $59.5B, a deal that analysts applauded. In any case, SA analyst UFD Capital believes Devon could be an attractive acquisition target. (46 comments)

205

Comment

Comment by cahclick on Oct 19, 2023 10:34am

Oilco CEO's all seem to come from the same gene pool. Get head over heals in debt in good times and give all their cash to the banks in poor times. Two years ago they all promised they'd never do it again. Well, here they go again. jmo go ath go glta longs

136

Comment