Bullboard - Stock Discussion Forum 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... see more

Add To Watchlist

TSX:ATH - Post Discussion

Athabasca Oil Corp > Anybody Know ?

View:

Post by cahclick on Nov 19, 2022 6:02pm

Anybody Know ?

Why does ATH keep so much cash on hand ?
Aren't they past having to take their marching orders from the banks ? Seems to me they should be in a position to pay off all remaining debt with cash on hand.
They have a LOC in place if need be so why pay a dime of interest if they don't have to.

glta

334

Comment

Comment by Solo2000 on Nov 19, 2022 6:07pm

Good question, any guess?

153

Comment

Comment by MrICE on Nov 20, 2022 1:17am

There is a big penalty to pay off early. They will when the math works

165

Comment

Comment by MLEWICKIMBA on Nov 20, 2022 5:25am

Hello, Keeping a healthy cash balance gives flexibility if and when something major happens. They are 3M USD away from NOT having to direct 75% of cash flow/free cash flow to their debt. That was the deal / covemants. Should do that in the next 3 weeks. They forecaat 450M CAD in cash on hand end of 2023e. They clearly state no dividends forthcoming. In 2023 they will buyback shares because the ...more

306

Comment

Athabasca Oil Corp