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 > ATH Is FOLLOWING the MEG PLAYBOOK With C$ 200M DEBT

<< Previous

Bullboard Posts

Next >>

Post by ztransforms173on Jul 30, 2024 11:47am

345 Views

Post# 36154483

ATH Is FOLLOWING the MEG PLAYBOOK With C$ 200M DEBT

- ATH has DECIDED that C$ 200 million is the MINIMUM DEBT TARGET in their new OPTIMIZED CAPITAL STRUCTURE

- so they PLAN on ROLLING OVER this SENIOR UNSECURED NOTE that is DUE in 2029

- this is a GREAT MOVE but I am PUZZLED why they CHOOSE to DENOMINATE these 2029 Notes in Canadian Dollars versus US Dollars

* POSSIBLY (?) CHEAPER COUPON INTEREST RATES but they are TAKING a HUGE F/X EXPOSURE since their PRODUCT SALES are PRICED in US DOLLARS

- as they INCREASE BOP, their MINIMUM DEBT will also INCREASE

- for reference, MEG has TARGETED a MINIMUM DEBT of USD 600 million on a BOP of 110,000 bbls/d

z173

<< Previous

Bullboard Posts

Next >>

From now on, dynaCERT instead of Bitcoin or NVIDIA?