Athabasca Oil Corp T.ATH

Alternate Symbol(s): ATHOF

Energy Oil & Gas E&P

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.

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Athabasca Oil Corp > Best Guesses

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Comment by cahclickon Jun 24, 2021 4:03pm

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Post# 33445546

RE:Best Guesses

Well, I presume when refinancing is announced that there will be more buying pressure from Funds so that in turn will put upward pressure on ATH share price.
I just hope that ATH price keeps trickling upwards between now and the refinancing announcement. People were whining about the refinancing not being done months ago and look what has happened to share price.

Refinancing has basically been derisked by the price of oil. Everybody and their dog will be making scads of money with $70 oil. It'll just take a couple quarters for the cash to show up on balance sheets because of hedging.

Jmo

glta