Athabasca Oil Corp T.ATH

Pre-arranged trade of 9.7 mln shares

[lovehockey]

The question is who did this and why? Any information?

[Andyfelter]

Blackjack is correct. Check out triple witching. Bigger volume and stocks historically tend to drop even into the following week. If history repeats itself it tends to be a good buying opportunity. 

[lovehockey]

I have seen such trades before, usually they are followed by 3-4 days of funny trading, nothing out of ordinary, just little different trading patterns than normal. The question here is who did this and why? That can provide some hints in what is happening with the company long term. The amount is just failry significant, not every day you get to see a $51 mln trade within 2 seconds of opening

[cahclick]

  My 2 cents worth is it has absolutely nothing to do with ATH. Just some shareholders doing stuff. GO ATH GO

[smartmoni]

ATH Buying back more shares..... -$ 6 very soon!

[Maxmoe]

It@s always entertaining to guess who and why. Most people only look at one side of a trade. It@s usually the buy side that attracts the attention but sometimes the seller is more interesting. I have no evidence but I can say with some certainty it wasn@t an internal cross at ninepoint. Ath was only held in the flagship energy fund. Not in the income fund. Not in any other portfolio other than

[Maxmoe]

Whacky font format nonsense sorry about that, I went to Ath website to double check maturity of debt and it was changed to this jibberish. Anyway, the maturity is in 2 years, November 2026. They can retire early, at par until November this year, then they have to pay a 5% premium to retire a year early. So they may have triggered something in connection with an early debt repayment. That's my