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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 Athabasca region of Northern Alberta. It also consists of two operating oil sands steam assisted gravity drainage projects and a resource base of exploration areas in the Athabasca region of northeastern Alberta. The Light Oil segment includes its assets, liabilities and operating results for the exploration, development and production of light crude oil and medium crude oil, tight oil and conventional natural gas. Its Light Oil segment consists exclusively of the Duvernay in the Greater Kaybob area with about 155,000 gross acres across Kaybob West, Kaybob North, Kaybob East and Two Creeks.


TSX:ATH - Post by User

Post by RatPatrolon Sep 14, 2020 6:49pm
278 Views
Post# 31557353

Is ATH Prevented From Buying Its Own Bonds ?

Is ATH Prevented From Buying Its Own Bonds ?I don"t know the answer to this question, but in conversation on another O and G producer (stock symbol WTI), the company was prevented BY ITS BANKS that it MUST pay off all its senior-ranked debt FIRST, before buying junior-ranked bonds.

Something like this may be preventing ATH management from buying its own bonds , even though it would otherwise be prudent to do so.
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