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.

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Athabasca Oil Corp

Bullboard Posts

Comment by filefishon Feb 20, 2020 4:38pm

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Post# 30714779

RE:RE:RE:RE:House 053 Morgan Stanley

Fellowship, I just dont see it the way you do..
CFO says, as I recall, that they want to hold the cash to insure that they can "complete term" .
Seems to me that if they can retire debt at a discount , they should be doing that instead of waiting to bang into the debt wall..
Also, they may have had a window of opportunity to refinance all or part of the note several weeks ago (when oil was above 60 and before Coronavirus was public) in the same manner that Baytex did. For the time being, that window appears to be closed.

Bullboard Posts

Advancing flagship Ishkõday Gold Project in Ontario