SATURN OIL&GAS - UNICORN - TOP PICK At the beginning of this favourable cycle for oil and gas stocks you would of done incredibly well in a small cap name . I feel like we all did double and triples on the investments we made in small cap oil and gas . Myself , I was brave ( along with all of you ) in that most people felt burned , and ripped off by the oil - gas sector with drill baby drill , burn the cash , and we all know the story , negative oil prices ! I myself lost heavily , and the only thing I got was a education - I think I did !!
So here we are and the doubles might be there still ....but from these levels with the pull back off the highs Ming you . . Most names are off 20 to 30 % still .
So a few months ago I looked for a small cap that might have been missed , and I found it. I was skeptical at first when I read the financials , the news , press releases.
I don't give stock advice. I just point out the facts. This stock is limited by its hedging , however , with a recent acquisition of 4500 barrels a day , bolt on barrels , with they hedged almost all of it , well over 100 USD a barrel has brought there hedged average to 75 USD BOE !
Saturn just reported 2nd Q earnings and free cash flow , with rapid debt repayment, at 8 M plus. Saturn gave you net $0.66 cents a share diluted. Not a typo !! $0.66 a share in 1 Quarter . So just to make this simple times this by 4 you get $2.64 annually. Diluted $2.64 per share.
Saturn is trading at 2.49 per share today. I have much more I could say here , but I am out of time. Have a look.
This is my TOP PICK and I am going to double from her quickly and I expect another from there by this time next year. I am in nicely on this one so I will do well at anything above todays price. This is a opportunity!
As always , I am a fool , don't take my advice , never take advice off a board like this. Do your homework , and even then , read it again.
Good luck
Craig