Saturn Oil & Gas Inc. T.SOIL

Alternate Symbol(s): OILSF | 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.

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Saturn Oil & Gas Inc. > warrants

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Comment by ManitokFTon May 30, 2022 11:02am

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Post# 34716869

RE:RE:RE:RE:RE:warrants

Share consolidation, yes.
But it appears that they did not consolidate the warrants. Their reporting is horrific and it is easy to miss.
From the Q1 financials (note 9), superscript on the 13.4 million $3.20 warrants:
1 Reflects 268,333,333 warrants outstanding, exercisable on a twenty warrant per exercise basis at a combined price of $3.20 per exercise...
If you look at trading volumes on SOIL.WT, they are way too high if the warrants were consolidated.
I expect there are quite a few market participants that believe the warrants exchange 1:1. That is probably inflating the trading value of the warrants significantly. The warrants should be trading at half current numbers.
Good luck to all in this stock, indeed.

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