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 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.

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Athabasca Oil Corp > Why is this thing under-performing??

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Comment by Ogre03on Sep 28, 2021 10:03am

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Post# 33930017

RE:RE:Why is this thing under-performing??

As Nuttal stated the share price is depends on if they can refinance the debt coming due in feb. Right now they are siting with 265M in free cash. Total debt will be 357M in Dec if i read the q2 report correctly. Its going to be bumpy. If the debt is refinanced share price goes up if not well lets not think about that for now. Hope that helps and I did not regurgitate a bunch of data you all ready know.

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