Athabasca Oil Corp T.ATH

Is ATH Prevented From Buying Its Own Bonds ?

[RatPatrol]

I don"t know the answer to this question, but in conversation on another O and G producer (stock symbol WTI), the company was prevented BY ITS BANKS that it MUST pay off all its senior-ranked debt FIRST, before buying junior-ranked bonds.

Something like this may be preventing ATH management from buying its own bonds , even though it would otherwise be prudent to do so.

[Chris007]

Who knows, this topic has been speculated on to death on this board for over the past year, even prior to the covid price crash. Management hasn't exactly been forthcoming in regard to answering shareholders questions regarding this topic, either. That being said, pg. 14 of the Q2 2020 MD&A says the following in regard to the company's credit facility: Under the terms of the

[2020oilgamble]

This post has been removed in accordance with Community Policy

[fellowship]

Bonds are trading up today +18.42% ATHABASCA OIL 17/22 REGS Bond 45.00   7.00 (18.42%)

[Chris007]

In berlin...apparently. https://www.boerse-berlin.com/index.php/Bonds?isin=USC0455LAA82 No indication of volume. Last trade on FINRA logged Sept 8, 2020 @ 36.750, YTM 102.199 https://finra-markets.morningstar.com/BondCenter/BondDetail.jsp?ticker=C819043&symbol=ATHOF4455143