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 Chris007on Oct 07, 2021 8:07pm

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Post# 33986882

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

Indeed, this is the only bright side of the refinancing. Atleast some of the "uncertainty discount" should now be lifted from the stock.

Definitely funny...I remember months ago that there were many on this board rationalizing the reason that refinancing was taking so long, was the fact that management was going to be able to negotiate a super good deal, with loosened convenants and a 5% coupon rate.

Nope, turns out the reason for the delay was the most obvious answer...the company and its bankers were obviously having trouble selling their refinancing plan. The basically gifting away of 15% of the company for the privilege to refinancing at basically the same coupon rate demonstrates this fact extremely clearly.