Athabasca Oil Corp T.ATH

Don’t sugarcoat it. No news on the debt a MAJOR MISS!!

[Maxmoe]

Stock will drop. I hope not much and not immediately. Yes I'm very long and have been for almost a year. Whoever has taken it upon themselves, or acquiesced to some mumbo jumbo wordsmithing buzzword jack hole needs to be fired.
The Company intends to remain nimble and creative in accessing the credit capital markets which could include a combination of term debt and bank debt to optimize its current capital structure. The Company’s goals include providing multi-year funding certainty and lowering the overall quantum and cost of debt.

WTF kind of thesaurus spews out BS buzzwords like this? You get that from some new mba kid? Remain nimble? Are you kidding me? You are bent over the bank and bold holder's desk. Creative? Get a new bank and fire the b@stards that bent you over all last year! We all know none of the banks want oil sands protestors at king and bay so find a bank that doesn't care. Or just come out and say there isn't one. "Optimize","quantum" .... can you jam any more bs buzzwords into 2 sentences? 
Why tf should we need an interpreter to make a guess as to what is really going on? If they are negotiating terms, they're idiots. They've been working on this for a year and the debt markets have never been more amenable. Why do they refuse to address the issue of sitting on a big wad of cash when they could have been buying back high coupon debt at a HUGE discount? Not all of it, but some of it. If it's because you are prohibited in some way well. SAY SO! Sorry fellow shareholders, but I smell a rat. I big fat greedy rat that wants to take Ath private as cheaply as possible. It looks like ATH is being manipulated and maneuvered into a corner where it will descend into "zombie company" valuation. So the buying group will be our rescuer. And it smells like management and the board are in on it or a big part of it to boot. Either that or they are the most incompetent bunch I've ever come across. I'm going with greasy weasels vs idiots. So, sorry, I've lost trust in the cfo,ceo and board. What a crock. Yes I'm going to cc this to the company and I suggest you express being fed up with the nonsense and demand better explanation and disclosure.

[Chris007]

lol...indeed, quite the wordsmith they got over there in their IR department

[fellowship]

Max, Hangingstone was a write-off what do you expect from these results ? The bank I am sure is BDC they will provide the bridge loan for the debt refinance.

[Chris007]

BDC is for short term liquidity, they aren't going to float them them money to refinance 600 mill. 

[Maxmoe]

Correct. Bdc is for their oversecured LOC. It's like a prepaid visa because they have to have 102 or 103% of the limit on deposit at the bank as collateral. It's like they are a delinquent teenager.

[fellowship]

You are right.  Pulling names from the hat. It is rather too much verbage in these documents saying anything about nothing. We shall see. 

[Mtklip]

I will admit that I don't have a lot of background in ATH and I'm also not very knowledgeable in the refinancing issue, but given the backdrop of higher oil prices and that later this year there will be a revision of strip prices upward, why is nobody seeing a potential for positive surprises.

[Mindset]

Looks like their strategy continues to be hedge away most of their production. Could be related to debt convenants. So until they refinance their debt and strike better convenants it could be a while before the maximize their earning potential. 

[fellowship]

Dear friend, it is not that I do not see the potential in the stock quite contrary . Instead of clarification we notice some ambiguity and Max is right on his answer. When you have other companies CEO's tweeting about dodgecoin and other things moving markets here is quite contrary . Think managment feels the same. No matter what they have done right in the past 2-3 years market have not

[ManitobaCanuck]

Agree fellowship , Looking at this with a 2yr window . I am still holding onto my 750k block of shares averaged down to 10 cents after booking profit on the rest . I keep reminding myself when i have the urge to sell . I am here for a million and  not here for thousands . Not selling and HOLDING FIRM , Might buy the dip tomorrow if any . 

[Maxmoe]

I'm not really surprised by q4 basic numbers. Q1 , as we all know, will be much better and it's already only 4 weeks from over. I'm fed up with the BS dancing around problems if there are problems and I'm fed up with the delay in addressing the debt without any decent explanation. I know I've asked probably 5 times in the last year about the debt and I'm far from alone. It&