Here's a good reminder Athabasca Oil Corporation (TSX: ATH) (Athabasca or the Company) has closed the previously announced Leismer Infrastructure Transaction with Enbridge Inc. for $265 million cash consideration. Transaction proceeds are approximately 50% of Athabascas market capitalization and significantly bolster the Companys liquidity, reduce net debt and improve financial resiliency. Leismers cost structure remains competitive with other top tier oil sands projects with a US$43 WTI operating break-even price (assuming a US$18 WCS differential).
Current differential is only US$16.61 and WTI is at $57.