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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 Bananahangeron Jul 29, 2021 2:27pm
240 Views
Post# 33626520

Share offering

Share offeringI have to agree with BJ. You own a 450 million dollar company with a 450 million dollar debt. What is that worth? If you float shares and pay off the debt you are adding 450 million value to the company. If you eat the cake with a 450 million dollar debt you will get a call from the bank. Your post says if you increase the shares you are eating the same cake. It is not the same cake at all. I think it would make sense to float a couple of hundred million and reduce the debt to a manageable level, if they could find someone to invest. Can a company hold a special meeting and not wait for the AGM? Anyway, it will be extremely interesting to hear what Nuttall has to say tomorrow.
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