Saturn Oil @ $75 wtiOn pg 13 of Saturn's presentation it states that @ $80 wti adjusted funds flow would be approx 393 million and free cash flow of approx $232 million. It also states that with every $1 change in wti price funds flow is affected by approx $4 million.
So @ $75 wti Saturn will earn approx $20 million less. ($5 × 4 million) Assuming capital expenditure remains the same at 161 million Saturn @ $75 oil = adjusted funds flow of approx 373 million and free cash flow of approx $212 million for 2023!! Saturn's basic shares outstanding = 138.6 million. Saturn is a cash cow and one of the most underrated stocks on the entire tsx. Compared with a quality company like cardinal energy, Saturns enterprise value is just 2/3 of cardinals. Soil EV = $800 million, CJ EV = 1.2 billion. Current production Soil 30,000 boepd (majority light oil) CJ 21,000 boepd (light and heavy). In conclusion Soil has 2/3 the enterprise value of CJ yet it produces close to 50% more boepd!! On a reserves basis Saturn also slightly edges out CJ. One last thing, if your worried about the fires curtailment on production don't be. It's my understanding insurance will cover the majority of the lost funds flow. Saturn's future looks bright