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Athabasca Oil Corp T.ATH

Alternate Symbol(s):  ATHOF

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

Comment by cahclickon Jul 25, 2024 5:58pm
114 Views
Post# 36148902

RE:Todays share price action

RE:Todays share price action

filefish wrote: ATH's operational results were great, but I think the market was looking for a dent in the term loan debt balance and not so much emphasis on tuture plans for production increases. At least at this point in time. Share buybacks, without the options overhang were significant, but IMHO, that debt balance looms large, at least in the minds of long time holders. Hence, what should have been an up day for ATH, was a disappointing one. 


 

re your comment on debt repayment:

I thought I read in the past that one of the terms of the refi deal was that the debt could not be repaid in full prior to Oct 01, 2024 without penalty. Another term made a certain amount of Hedging mandatory. 

Anyone here able to confirm these two points ?

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