Athabasca Oil Corp T.ATH

The shorts are covering, get while its crazy low still

[bosstrade]

Driving it down by a couple pennies to unload short position and buy long. This will only be for a couple days.
Feb 24th is the last day.
The 25th we know that the debt deal is done.

[Maxmoe]

Maybe I'm trying to follow too many at once but where do you get those firm dates from? Was there a firm release date and conf call announced for this week? Last year was March 4th. My TD calendar estimate is March 2nd. Baytex is the 25th. Is that it?

[bosstrade]

ATH can redeem notes with  no penalty on Feb 24 2021. No announcement needed. If they have, there will be lots of activity.

[Maxmoe]

I thought we beat this one to death already. If they were going to buy back bonds they could have any time for the last year at a huge discount.  There was a trade today at 65. There will be no buyback on the 24,25,February or March. A redemption means ATH can FORCE the bond holders to sell back to the company (redeem) at par, no premium. So why would they do that rather than just buy in the

[alrid1900]

so what is holding refinance/issuance and repayment of notes? Meg although heavily leveraged was able to refinance its debt due 2024

[Maxmoe]

So go stick with meg. I mean that plastic surgery was a freak show but who could ever forget her in when Harry met sally.  

[Chris007]

lol...that is indeed the $450 million US dollar question. Regardless, with WTI where its currently sitting and still ticking upwards, the debt issue and the likelihood of getting refinanced is much less concerning than when oil was sub 50. As Maxy boy pointed out, high fixed costs and low variable costs give the company high operating leverage in this rising oil price environment. The opposite