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 > ATH long term debt.

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Post by speedoflighton Feb 24, 2021 1:55pm

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Post# 32648602

ATH long term debt.

Today,only , ATH has an opportunity to re-negotiate their US $450 mil loan .The curentt rate they are paying is 9.875% interest .The loan matures on Feb 24 2022.
We could be in for a perfect storm. Oil prices will continue to increase this year beause of the vacine rollout and travel will return to normal Biden had promised to eliminate fracking so this should reduce oil production in the US by approx 3 Million barrels a day. The oil cartel will not increase oil production because they can see that the future will be green energy so they will want to make hay while they can..By the end of 2021 we will see $100 Oil

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