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Athabasca Oil Corp T.ATH

Alternate Symbol(s):  ATHOF

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

Comment by Chris007on Mar 03, 2021 8:35pm
179 Views
Post# 32711705

RE:RE:RE:Key Takeaway - Debt!

RE:RE:RE:Key Takeaway - Debt!Interest rates aren't going to go any lower, than they are already at right now...if you believe that the economy is going to rebound in a hurry following vaccines, rates will continue to trend upwards. You really can't have it both ways. Hell, yields in the bond market are already picking up due to inflation expectations.

Mindset wrote: Pretty disappointing they didn't refinance the debt. I have to believe they didn't have an option. Oil market has improved, but waiting for a "better deal" seems foolish. Saving a couple points of interest is pointless. 


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