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 > NOW !!! DAMMIT NOW !!! HAMMER That Re-Financing DEBT Package

<< Previous

Bullboard Posts

Next >>

Comment by fellowshipon Mar 04, 2021 2:03pm

108 Views

Post# 32716783

RE:RE:RE:RE:RE:NOW !!! DAMMIT NOW !!! HAMMER That Re-Financing DEBT Package

filefish wrote: Perhaps they will come up with an unexpected, good deal either on re-fi or an asset sale. However, they did in effect, limit half of their upside on the oil price with those H2, 2021 hedges at $55.50 on 15k bbl/d. This was disappointing to see. Banks did not force this hedging. It was judgement call at the time to limit any severe downside risk.

There are not many options if the re-fi is going to be expensive.
They still done a great job with their hedging after Trump throw that monkey wrench in oil prices.

<< Previous

Bullboard Posts

Next >>

Investing with insurance and protection