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.

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Athabasca Oil Corp > US$350 Million Notes Offering

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Comment by ComradeKomissaron Oct 07, 2021 4:01pm

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Post# 33983736

RE:RE:RE:RE:RE:RE:RE:RE:RE:US$350 Million Notes Offering

What we are not valuing here: they just improved the leverage ratio by paying down $100M USD, and that becomes even lower if the "noteholders" excercise their warrants. That means the discount rate in valuation of Athabasca free cash flows is now much lower, which will effectively mean an increase in valuation.

We may see that $1.20 yet.

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