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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

Post by lovehockeyon Apr 22, 2021 3:26pm
198 Views
Post# 33046716

Bonus should be attached to re-financing, not asset sales

Bonus should be attached to re-financing, not asset salesI am not saying that any idiot can sell things but getting a bonus over a sale of asset when the bigger issue is re-financing and survival of the company. Frankly speaking selling assets without re-financing is meaningless. If somehow the company fails to roll over debt but assets are sold and money are spent what kind of benefit is it for the owners of the company? Hey, if the re-finance is in place and just waiting the right moment to be announced I am fine with that, I am not fine with that if there is a bonus but the company can't find a good re-finance option. 
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