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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 Thermal Oil and Duvernay Energy. The Thermal Oil segment consists of two operating oil sands SAGD projects and a large resource base of exploration areas in the Athabasca region of northeastern Alberta. These projects provide Athabasca with a material low-decline production base that generates significant free cash flow for the business. The thermal assets use steam-assisted gravity drainage (SAGD), which is an enhanced oil recovery technology for producing bitumen. The Duvernay Energy operating segment includes the Company's assets, liabilities, and operations located primarily in the Greater Kaybob area near the town of Fox Creek, Alberta. Its light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which it owns a 70% equity interest.


TSX:ATH - Post by User

Comment by Tartar3on Jul 29, 2021 11:56am
193 Views
Post# 33623429

RE:Earnings

RE:EarningsAfter looking over the earnings report & financials, doesn't look like the company could re-fi with any better terms than they have now, that's why they are seeking a "wholistic" approach to debt re-fi which in layman's terms mean a complete restructing of the debt, I agree with that, although it won't help the stock price in the near term as we can see, but I'm in agreement with the strategy, as opposed to as some want the company to just roll over the debt, the risk is that market fundamentals can change at any time as someone stated before me, it's costing me $$$ in the short term, but longer term we stand to make much more, so I guess I can live with it, then again, we have no other choice do we?
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