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Athabasca Oil (OTCPK:ATHOF) announced a cash hoard of C$468 million during the end of the fiscal year press release. That cash offset a considerable amount of debt. Pro forma net debt was C$292 million. This company has a great record buying and selling properties and in production. Therefore, investors should not expect a wholesale debt reduction from all that cash. Instead, this company is far more likely to find a distressed competitor and make a low-ball offer for any desirable assets. This management brings new definition to the word cheap and "steal". That