Athabasca Oil Corp T.ATH

Countdown - 150 days until bond maturity

[lovehockey]

Hello management, please do as much as you can to roll over the debt. This is just a remainder that the time is running out. Why not do it in the next 10 days, huh?

[Nothingmatters]

I would invest in this stock than meg at the moment... but management of this company is the worst...

[fellowship]

And you are the worst investor :)

[Nothingmatters]

Old dog what would you say? We need your opinion.

[Tartar3]

At this late date i can see another strategy emerging, let the bonds mature, pay off half with cash, refi the other part with a debt instrument of your own, stock would skyrocket, this will cut loose the banks with their onerous covenants, risky strategy I know, but this would be a $2 stock by next spring if they did it, i think they've mentioned doing something like this on the last cc

[MigraineCall]

I have always been in ATH as a leveraged bet on higher oil prices for maximum exposure and return. I want a minimum of hedges in place to impede that. Every day that goes by before renewing financing, it delays locking in hedges and improves this scenario and my potential returns. I don't care about present share prices, be it .50 or 1.50, as I think I know what the potential of this company

[ManitobaCanuck]

Sorry , but i would take a conservative view here. Hedge some amounts atleast to cover operating costs and a portion of debt repayment+interest . They could hedge 25% of production at 70-75 and still knock out left over debt.

[Kupotea]

Hedge enough to gaurantee payment of the oustanding debt. Close a refinancing deal. Secure the company's future and watch the share price double or even triple in a matter of weeks. It's not complicated in the slightest.

[mlcb12345678910]

Totally agree. However, the risk with ATH is the weak management team. I am willing to do this for half of what the current CEO is being paid............