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 > Upcoming debt redemption

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Comment by Kupoteaon Feb 23, 2021 11:53am

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Post# 32637122

RE:Upcoming debt redemption

Found the prospectus on Sedar. There's nothing holding the company back from refinancing this debt. If $60 WTI doesn't slip this will be at least $1.00 come summer and possibly much higher after the debt is refinanced at what I assume will be better rates, less restrictive terms and a much longer runway. At $70 WTI you could make the justification that $3.00 a share is fair value if it starts to trade in line with other small caps.

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