Saturn Oil & Gas Inc. T.SOIL

Alternate Symbol(s): T.SOIL.R | OILSF | T.SOIL.WT.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. > Are the Oxbow area assets any good?

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Comment by BobTheKnob2on Jun 10, 2021 10:39pm

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Post# 33370374

RE:RE:Are the Oxbow area assets any good?

My feeling is that this was a win for both Crescent Point and for Saturn.

Crescent Point won because their net debt was reduced and they also reduced their ARO by 25%. Saturn wins by getting long life production, pipelines and infrastructure to market at a reasonable cost.

Crescent Point can now focus on higher impact production and paying down debt.
This transaction is a company builder for Saturn.

I own shares shares in both companies, and the only reason Saturn is down is because of the reverse split announcement and corresponding private placement. This is a temporary softness in price and a great time to buy. I see it as being very positive for both companies.

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