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Bullboard - Stock Discussion Forum Athabasca Oil Corp T.ATH

Alternate Symbol(s):  ATHOF

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

TSX:ATH - Post Discussion

Athabasca Oil Corp > ATH will 7 bucks in 6m
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Post by MLEWICKIMBA on Apr 28, 2024 8:34am

ATH will 7 bucks in 6m

1. My guess is that they will stay with what they have in terms of assets and expansion that they are currently undertaking until all debt is gone and another 40m shares are retired.

2. This means probably 600m cad in liquidity by December 2024.

3. Then they could issue new debt, shares and have the cash to expand Leismer and develop Corner.

4. They will be squeaky clean by the .

As a note Baytex has financed recent debt at 8% I think.

I can see an NYSE Listing at 7 bucks which would be 5.00 plus USD.

ML
Comment by Maxmoe on Apr 30, 2024 11:33am
All possible. That and a takeout. I think we've finally reached the point if a bid comes it won't be a stink bid and it very likely will trigger multiple bids or interested bidders that drive up the price. For so long I worried Ath would be scooped for peanuts like my little pony was. If Trudeau will allow everyone, not just FN bidders, we could get $10 plus. These are unique assets that ...more  
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