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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 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

Athabasca Oil Corp > bonds trading at 46.00
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Comment by Chris007on Jan 07, 2021 3:36pm
174 Views
Post# 32246931

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:bonds trading at 46.00

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:bonds trading at 46.00Indeed, the hope is that the debt will be rolled over. 

As for who were the investment banks involved in the initial financing, according to the Feb 9, 2017 news release, that was RBC Capital Markets, LLC, Goldman, Sachs & Co., Credit Suisse and TD Securities.


Greenday wrote: @ Chris007 - A person could find the NR when the bonds were issued and see who purchased them but it's pretty common for a syndicate of investment banks to buy the issuance and parcel it out to a few of their large clients such as mutual fund managers who stick it into their portfolio's and collect the dividends until they mature.  Presumably ATH will have the money to pay off the bonds by issuing some other ones.  


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