Saturn Oil & Gas Inc. OILSF

Primary Symbol: T.SOIL Alternate Symbol(s): T.SOIL.R | T.SOIL.W.A

Energy Oil & Gas E&P

Saturn Oil & Gas Inc. is a Canada-based energy company. The Company’s focus is to advance the exploration and development of its oil and gas properties in Alberta and Saskatchewan. It has assembled a portfolio of assets in Southeastern Saskatchewan, West Central Saskatchewan and Central/Northern Alberta that provide an inventory of economic drilling opportunities across multiple zones. The Company's producing properties in Southeast Saskatchewan includes Oxbow assets, which are geologically concentrated within the Mississippian-aged, Midale and Frobisher oil formations and the Bakken assets concentrated in the Bakken formation of Southeast Saskatchewan. The producing properties in West Central Saskatchewan consist of Viking assets. The producing properties in Central Alberta consist of Cardium assets. The producing properties in North Alberta consist of assets located in the Kaybob and Deer Mountain areas of Alberta.

TSX:SOIL - Post by User

Saturn Oil & Gas Inc. > Debt reduction and conf call BS

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Comment by downtozeroon Mar 19, 2024 8:47am

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Post# 35940056

RE:RE:RE:RE:Debt reduction and conf call BS

Yes, they could make it (barely) at $95 oil without further dilution, but that's not their guidance.
461M end of 2023.
180M paid off in 2024 = $281M remaining.
130M FCF applied to debt in 2025 @$75 oil = 151 remaining
$65 FCF (2 quarters) applied to debt in 2026 @ $75 oil = $86M remaing (debt target not achieved).
$95 oil for 2025/ 1H 2026 adds $90M FCF so debt can be paid off.

Either they get $95 oil or they dilute the company to achieve their guidance (or they take longer to pay off the debt).

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A junior copper-gold stock trading at a bargain of monumental proportions