MUR - Athabasca Oil Is Reducing Risk By Keeping A Lot Of Cash

Athabasca Oil (OTCPK:ATHOF) recently reported access to more liquidity than the market value of its stock. This financially leveraged Canadian producer reduces risk with that cash balance and access to debt lines until the Canadian challenges become more manageable.

"As at March 31, 2019, Athabasca had C$272.2 million of unrestricted cash and cash equivalents, a fully undrawn C$120.0 million Credit Facility (defined below), C$6.6 million of available credit under its Unsecured Letter of Credit Facility (defined below), and an additional C$60.5 million (undiscounted) of funding available through the capital-carry receivable. "

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