Athabasca Oil Corp T.ATH

Cenovus deal

[robmar13]

me thinks Cenovus might take the next step,no debt,permits to ramp up their sagd operations with tax pools,hmmm 5.50 to 6.00 in a stock deal would be nice,any thoughts

[cahclick]

  So how about this for an end game. ATH & CVE throw some land assets, permits, wheelbarrows, $20 million bucks in a bucket, and then flog the new company (with no debt, cash in hand, line of credit) for several hundreds of millions ? Its a quick way to monetize some stuff layin around in the back forty and make a mint off it. No ? jmo go ath go

[lnggasfor202324]

I want more then that.

[Kpitreal]

$9.00 plus to buy ATH the long life low cost asset base is almost one of a kind. Add the tax losses and there is no comparable. 

[ztransforms173]

- CVE is NOT BUYING ATH when they have HUGE CAPITAL EFFICIENCIES DEVELOPONG their OWN HUGE BITUMEN RESOURCE BASE - it is a GREAT IDEA but Cenovus Energy has a NASTY HABIT of SELLING OUT TOO EARLY and TOO CHEAP - Exhibit A: * HEADWATER EXPLORATION INC. (HWX-T) - CVE does NOT DO small-scale E&P VERY WELL {like Duvernay Energy} so they like to OFFLOAD these things and

[Jimmy1page]

It makes far more sense for ATH if you ask me. 

[matt2018]

Agree, it is small potatoes for CVE so why not just sell those assets to ATH for some shares? The $18M aside, they are also going to incur legal/accounting fee's to set this venture up for a minority 30% stake? Seems hardly worth the trouble for a $40B company to engage in a 2k bbl/day minority partnership. This deal does establish a relationship with ATH with perhaps possibility of a much

[lnggasfor202324]

Whos to say Cve wants inside information on the pl,ay to possibly buy the remaing 70% off ath if it starts to really outperform.  The will have 3 members sitting on the board correct me if i'm wrong.

[Deutz9170]

The company had two scenarios for the share price to go to 6 dollars.  A buyout or 100 barrell oil.   The big buyout is now off the table.  If 100 barrell oil doesn't develop. CVE gets this company in the future for 2 dollars.  I'm glad  I locked in my 22x gains. This explains the parting out of the others assets a few months ago.   CVE has taken

[CJInvestor]

Well I disagree. We are sitting at 4.15 at 74 oil. So with seasonality coming and stable oil in the 70s we can fast approach 6 bucks as shares are bought back and institutional interest grows. As the best Alberta oil company play of 2023 there is no reason for this not to continue in 2024. 6 is definitely something we could touch and retreat from at the very least. 

[Deutz9170]

6 dollars is a fifty.percent move from here. This is not the same 50 percent from 18 cents, to 27 cents. The road to 6 has become 50.percent more difficult now because CVE has urinated on its territory  with going in on this venture with ATH.. ATH is using its share buybacks today to cover the scent. We have all been salivating at the possibility of ATH getting bought out, in the last two

[OLIVIER1951]

RBC  DIT  8  ...

[matt2018]

If Oil price goes to $100 ATH will be trading for $6 to $7 very quickly. If CVE (or any other company) want to seriously try to take out ATH for $5, now is the time to offer it (not suggesting shareholders will accept it, will need to go higher). This JV is a small deal that could lead to other larger deals. ATH throwing in $22M into this is peanuts, still leaves them with appr $350M in Cash. For

[Deutz9170]

The start of 2023 I believed in 100 oil. As rare as it is. I thought we were going there.  The  end 2023 all the major economies are signaling a slow down in their economies. That is why they are signaling rate cuts. Plus, the States are pushing out more oil now. These reasons gives credibility as to why Opecs cuts are not having effect that they wish to have. Is 100 oil practical.in an

[Jimmy1page]

API and EIA are on the payroll. The world can't afford 100 dollar oil. They're just keeping the patient comfortable at this point. It's coming. 

[CJInvestor]

You sold your shares D. Scram. 

[cre8value4me]

In my experiece JV's never favour the shareholders it creates a convoluted entity. JMHO

[cre8value4me]

timberrrr the market speaks!