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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.


TSX:ATH - Post by User

Athabasca Oil Corp
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Post by Duxingon Oct 26, 2017 11:51am
73 Views
Post# 26862601

ATH is Not MEG!

ATH is Not MEG!not matter how good MEG was performing in Q3, the huge debt and interest kills!
MEG produces twice as much oil as AOC, but carries over ten times debt. 
Interest cost on each barrel is near 15 dollars while it is less 4 dollars for AOC!

MEG basically is working for creditors!
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities