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Athabasca Oil Corp T.ATH

Alternate Symbol(s):  ATHOF

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

Bullboard Posts
Comment by auburn2on Nov 19, 2019 6:25pm
74 Views
Post# 30371611

RE:RE:RE:ATH Rollback

RE:RE:RE:ATH RollbackThe company is not doing a rollback. That was just a misunderstanding or intentional FUD. They're buying back shares ergo reducing the capital stock. Same as CPG did. Let's make this simple: current assets = $485 million. Restricted cash = $111 million. Add them together.  $596 million. Debt = current liabilities of $145 million and $570 million. 596 - 145 - 570 = $119 milion.

That $119 milliion is how much is owing on current liabilities and debt after clearing out current assets.. That means to pay off the debt they need to generate $119 million before the due date, if they're going to pay it off in flow and leave the company debt-free.
Bullboard Posts