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 > My expectations for WTI and ATH - medium term

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Comment by ValueCan1on Feb 24, 2021 5:22pm

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Post# 32653442

RE:RE:RE:RE:My expectations for WTI and ATH - medium term

With improved outlook and rising Canadian dollar I would guess they are now looking at a lot of options.

1. Still undervalued debt to buy with unlocked cash
2. New institutional holders probably want a bought deal at 20% discount.
3. New debt available in the 7% range.
4. Company could set up atm - at the market
5. Non-dilutive Rights offering

I would favour no. 1,3 or 5 or a combination of the three because they are non-dilutive.

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