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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 Thermal Oil and Duvernay Energy. The Thermal Oil segment consists of two operating oil sands SAGD projects and a large resource base of exploration areas in the Athabasca region of northeastern Alberta. These projects provide Athabasca with a material low-decline production base that generates significant free cash flow for the business. The thermal assets use steam-assisted gravity drainage (SAGD), which is an enhanced oil recovery technology for producing bitumen. The Duvernay Energy operating segment includes the Company's assets, liabilities, and operations located primarily in the Greater Kaybob area near the town of Fox Creek, Alberta. Its light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which it owns a 70% equity interest.


TSX:ATH - Post by User

Athabasca Oil Corp
Bullboard Posts
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(241)
•••
Comment by matt2018on Dec 18, 2019 3:23pm
101 Views
Post# 30469687

RE:RE:Reduce debt, improve rating, NCIB - $3 stock

RE:RE:Reduce debt, improve rating, NCIB - $3 stockestevan....RBC Capital Markets led the issue for those notes.
Not unusuall for this bourse to take on these instruments..
Maybe they could have got a little better deal or maybe they wanted the notes not subject to any maintenance or financial covenants.
$120M credit facility still in tact.
A portion was recently used (LoC) for the TC energy pipeline deposits (returning to the company in 1st Qtr).



Bullboard Posts
Dealroom for high-potential pre-IPO opportunities