Perspective....To put this financing into perspective look at other companies.
Obsidian energy need to extend debt earlier in 2021..back when WTI was 55-58 and Aeco 3 bucks...and OBE only had to increase interest rate from 5 to 7 percent....and zero warrants...
Only thing ATH did well on in this is the amount of time into the future...
I personally am sticking to OBE over any company with SAGD.
To produce steam to then get the oil you need to burn natural gas...hmmm...natural gas prices make this more expesive.