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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 Godzillamanon Apr 23, 2021 11:51am
178 Views
Post# 33055246

RE:RE:RE:RE:Why does this feel like another play by the banks . ..

RE:RE:RE:RE:Why does this feel like another play by the banks . ..I agree, I think at this time, market and corporate positions, anything sub 9% is going to take some wrangling to get done, is much better position than say 12 or even 6 months ago, but there is still uncertainty within the market gripping the financing positions.
As for refinancing timing, surely there will eventually be a deal released, but Broen is known for coming out with some pretty lucrative business deals that are not norm for the industry (ie; Stat Oil deal was a shock to industry insiders, bitumen royalty contigencies). I would much rather they take their time and get the best deal for us shareholders possible than rush to sign onto a refinance to bouy the stock price. Sorry day traders, some of us are long...... lol
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