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 > Lazy job by management

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Comment by riskion Oct 07, 2021 4:03pm

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Post# 33983748

RE:Lazy job by management

It provides insight into what was available to them in the bond market. If they could have negotiated a better deal they would have. I suspect NOTHING was available to them at WTI <$70 which is why they sold of eggress to hedge the risk of bankruptcy.

Now we can see why it took so long. Oil is at all time highs with lots of momentum, and this is the best deal they could do including a kickback to the lenders for their trouble.