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Saturn Oil & Gas Inc. T.SOIL

Alternate Symbol(s):  T.SOIL.WT.A | OILSF

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

Post by downtozeroon Mar 13, 2024 7:57pm
356 Views
Post# 35931666

Debt reduction and conf call BS

Debt reduction and conf call BSI wish they were more open and honest when talking finances. At the conf call, someone brought up the question of whether they were counting on the warrants to meet their debt reduction numbers and they answered with a "NO". It's easy to see if they only make $130M FCF per year and they plan on paying off $460M by Q2 26, they either need the warrant money or they'll need to do another significant bought deal. Saying they don't need the warrants to make their debt targets is BS.

They had a good quarter and great year, no need for this BS.
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