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 > Share offering

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Comment by Nothingmatterson Jul 29, 2021 3:53pm

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Post# 33626977

RE:RE:RE:Share offering

Either the guy is stupid or acting stupid. May be a shorter..

Chris007 wrote: There certainly is a difference between debt and equity...

Equity is a stake/ownership of the company (basically a permanent arrangement)...you are essentially selling a portion of the company

Debt is borrowed money, that is eventually repaid (principal), along with periodic interest payments. Debt holders are entitled to their money back and interest, but they have no ownership stake

If you issue more equity (your current ownership stake essentially shrinks...PERMANENTLY).. yes the company can buy back shares at a later date, but thats a whole other thing, with its own set of rules

BLACKJACK86 wrote: Bananahanger, congrats, you figured it .
Trying to make this easier, lets take the cake example.
you are 6 eating a cake, but 40 percent of that cake you cannot eat because it belong to somebody else(bondholder), so you're just eating 60 percent .
you get 4 people to buy the part of the bondholder ( that you cannot eat anyway) you still get to keep your share (60 percent) and those 4 people are eating the 40 percent that used to belong to the bondholder anyway.
so what are existing shareholder loosing?
nothing .
of course all this at todays price,no discount to the new shareholder.