Athabasca Oil Corp T.ATH

ATH MUST BE A TARGET

[MLEWICKIMBA]

Crescent Point acquires Hammerhead.

Becomes seventh largest firm in Canada in the sector.

They had no problem raising 500M CAD recently.

It is going to be interesting the next 6 months.

1. WCS price 
2. TMX start
3. Opec 
4. USA

[Chrisinvan7]

$21 a share, so thats a 5% premium to todays close? 

[MLEWICKIMBA]

Can you break that down please. Thanks.

[Chrisinvan7]

From what I've read the total consideration is $21 and today the shares closed at $20. Is that correct? I dont know much about Hammerhead but im curious why the premium would be so little.

[Jimmy1page]

https://ca.finance.yahoo.com/news/hammerhead-energy-inc-announces-record-212000048.html

[cahclick]

  Crescent Point share price getting hammered today. Market does not like their new acquisition. That company could take a lesson from ATH w.r.t. shareholder treatment. Shareholders today want ncib's and dividends not mounds of debt. CPG with this latest deal is now $3 billion in debt. Gulp. You can already start to see the effect of ATH's NCIB on red oil days. Share price

[MLEWICKIMBA]

Agree with you 100% of course. I was just thinking that because they are in such good shape in terms of balance sheet someone would want to take them over especially with no taxes payable for quite a long time due to the tax loss carry forward and cash on hand and improved costs at Leismer, etc. etc. etc.   So yes taken over for 6 bucks today is fine but stay the course until TMX runs

[OGInvest0r]

Completely agree. Wow I love this forum compared to the yahoos on yahoo. 

[dandu1924]

Yes BTE, CPG  with their deals, the market did not like it and  those oil stocks are tanking seriously  BUT I hope  ATH wont do the same  with their cash in bank, I mean  to buy an another oil company. At this point I am a little bit worry  with all those deals.

[cahclick]

  ATH can grow organically. They have a bazillion acres and 99 year reserves. No need to go looking for a new girlfriend. go ath go

[OGInvest0r]

Of them all I think ATH is least likely to buy another oil company. And a take out is not in the cards until sp is where it should be in the 6-7 range. I'm sure management has fended suitors off with sticks. They know it's undervalued.