Saturn is on track after the reorientation.
Saturn Oil + Gas Inc. (ISIN: CA80412L1076 / TSX.V: SMI) is on track after the reorientation. The stock price more than doubled from the low of $ 0.065 in the past 12 months to a high of $ 0.15. The acquisitions and partnerships on already six oil fields have obviously signal effect. The company has already started production in one area and more will follow. We assume that there will soon be corporate news. The management has a clear goal to build a portfolio with high production rates as quickly as possible. However, this strategy also means that you do not want to push up the price for possible acquisitions through your own production rates. Therefore you have to be careful when communicating. In the next step, regional banks should lend at the latest from a production capacity of 300 to 400 barrels daily production, as the strategy becomes scalable. As we learned from the conversation with the company representative, Saturn's stock could have the potential to go up to $ 0.50 in 2018. By the time production reaches 1,000 barrels a day, investors will realize that it will only be a matter of time before volume levels rise. The more cash flow and credit lines, the faster the delivery rates will rise. So momentum has just started.
Economy / Finance: Interested parties met at the precious metals and raw materials fair in Munich