Bullboard - Stock Discussion Forum 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... see more

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Athabasca Oil Corp > Athabasca Rating Upgrade RBC

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Post by Lou793 on Dec 17, 2020 7:54am

Athabasca Rating Upgrade RBC

Athabasca Oil Corp: RBC raises rating to "sector perform" from "underperform"

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Comment by Nic777 on Dec 17, 2020 9:38am

Target price raised 10 centes to $0.25. Athabasca currently has US$450 million in outstanding term debt, maturing February 2022. In our minds, this is the most impactful overhang to the stock and requires a near-term solution before investors broadly get more comfortable with the name. We currently model a refinancing at 12% but note the outcome may differ materially. Leverage to oil pricing ...more

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Comment by lovehockey on Dec 17, 2020 11:27am

Here you go. They believe the debt will be rolled and that is why they upgraded. I am hoping the interest is half of what RBC is considering at this point.

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Comment by Maxmoe on Dec 17, 2020 12:52pm

Yes, they do believe they can roll the debt. I see no reason not to agree. Oil is charging back. The pandemic is finally going to fade. The economy is going to BOOM from the pent up demand. I'm going to hit the road as soon as I can and I'm going to be elbow to elbow at any airport I go through as well. WooHoo! Interest rates are near zero, junk bond spreads are at record lows ...more

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