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

<< Previous

Bullboard Posts

Next >>

Post by kavern23on Oct 07, 2021 5:45pm

337 Views

Post# 33986525

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.

<< Previous

Bullboard Posts

Next >>

The top 10 Canadian medical stocks