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 > $219,300,000 Debt Remaining USD

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Comment by ManitobaCanuckon Jul 31, 2022 1:18pm

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Post# 34863173

RE:RE:$219,300,000 Debt Remaining USD

Slown and steady....
They are paying 9.5% interest on that debt . Once they cut out the debt it reduces sustaining capital by 35million a year. I guess they will be taken out soon at 4-5$ a stock .

cahclick wrote:
My opinion is ATH share price would explode if debt was $0

The FCF lost in H1 due to hedges should keep Management solely focussed on debt destruction. So that means no M&A, no buybacks, and no dividends. Just get rid of that blood-sucking debt. The sooner ATH can get out of the Bank's pocket the better.

ATH has decades and decades of reserves. Once they are debt free they can self-fund expansion and reward shareholders

All jmo

MLEWICKIMBA wrote: Remember when it was $450M and there was one prediction ATH was going to 0.01 Cents....

DEBT -- $219,300,000 -- $175,000.000 = $44,300.000 over 5 months.

God bless all oil and gas investors.