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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 > +1.250 & +1.500 9.875% 2022 Notes PRICES From Last Trade !!
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Comment by bosstradeon Sep 19, 2021 4:43am
166 Views
Post# 33884149

RE:+1.250 & +1.500 9.875% 2022 Notes PRICES From Last Trade !!

RE:+1.250 & +1.500 9.875% 2022 Notes PRICES From Last Trade !!Just an fyi if some readers don't understand, This is general info on bonds.
"Bonds can be sold for more and less than their par values because of changing interest rates. Like most fixed-income securities, bonds are highly correlated to interest rates. When interest rates go up, a bond's market price will fall and vice versa.Why does the bond’s price rise and fall in this manner? Prevailing interest rates are always changing. Existing bonds adjust in price so that their yield when they mature equals or very nearly equals the yields to maturity on the new bonds being issued.
  • A bond trades at a premium when its coupon rate is higher than prevailing interest rates.
  • As Elgin pointed out, their has probably been a deal done with better interest rate. Hence the premium being paid. 
  • I expect an announcement this week. 
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