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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 filefishon May 10, 2021 4:14pm
286 Views
Post# 33167067

Cash on hand at 5/7/21

Cash on hand at 5/7/21 It seems like the bench mark measurement  for ATH is how much cash on hand they will have at year end. Todays transaction as of 5/7, while freeing up restricted cash, does not explain why they are starting with the same unrestricted balance $141mil they ended with at 3/31/21. You mean to tell me that in the past two months they spent more than cash flow while oil was averaging over $60? Either it was poor communication about the current cash balance or they are spending way too much capex. At this point I dont care about financial tweeking, I do care about getting that refi done and doing it NOW.   
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