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 > RBC Catalysts for Jul 28

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Comment by filefishon Jul 14, 2021 4:40pm

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Post# 33544104

RE:RE:RE:RE:RE:RBC Catalysts for Jul 28

Eigen337 wrote: Tartar3 - (7/14/2021 2:42:04 PM)

Eigen,
I agree with your comments, but I do believe that as time goes by there is a greater likelyhood that they have an asset sale in whole or in part that is being negotiated. One thing that ATH management has demonstrated in the past is their ability to be very creative in making financial deals.

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In the REAL world, NVA has just TOLD YOU that your ANALYSIS is COMPLETE HOGWASH !!!

NVA had top GO the PRIVATE PLACEMENT route and DANGLE a SUPERIOR interest rate in ORDER TO ATTRACT entities WILLING to LEND TO THEM !!!

For many REASONS, the UNIVERSE of AVAILABLE credit money to FINANCE long-term NOTES of medium Canadian O&G firms is SHRINKING DRAMATICALLY !!!

Therefore ATH CAN'T be COMPLACENT even though strip crude oil prices are VERY FAVORABLE !!!

A SMART management team at Athabasca Oil would ENGAGE the Note bookrunners AS SOON AS THE Q2/2021 financials are READY !!!???!!!

By MY assumptions, they 'OUGHT' to be ready by the END OF THIS WEEK !!!

The ONLY acceptable delay is IF they have an ASSET SALE in PROGRESS (?????) and they are waiting (due delligence ???) to EXECUTE the sales agreement !!!???!!!

This is my opinion only.

Eigen337