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

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Comment by filefishon Feb 20, 2020 5:54pm

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Post# 30715087

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

What asset do they have thats worth $350miil today , enough to cover the debt with cash on hand, and still leaves a viable company? Unless they had the good fortune and luck to hedge a sizable % of production at over $60 last month, their cash balance will decline over time. I hope you are right and they are holding out for a leveraged buyout with their cash.

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