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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

Comment by filefishon Jan 16, 2021 12:28pm
235 Views
Post# 32313413

RE:RE:RE:Broker Upgrades - Eventually

RE:RE:RE:Broker Upgrades - EventuallyOk, I will add to everyones speculation. ATH needs to deal with the debt. My understanding from conversation with Management is that the RBL loan (which they are currently maxed out on)  is what is hanging up the market purchases of the Bank Notes. A positive write up in the value of their reserves could result in their RBL loan to be increased ( now 42m , was 120m) which could allow them retire some US$ Bank debt at a discount thru an open market solicitation. And yes, the devaluation of the US$ is helping a lot. With the spendthrift congress in place, this is likely to continue.
       
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