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Bullboard - Stock Discussion Forum Saturn Oil & Gas Inc T.SOIL

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

Energy Oil & Gas E&P
Saturn Oil & Gas Inc. is a Canada-based resource company. The Company is engaged in the business of acquisition, exploration and development of petroleum and natural gas resource deposits in Western Canada. It focuses on advancing the exploration and development of its oil and gas properties in Alberta and Saskatchewan. It also focuses on the development of light oil weighted assets in... see more

Bullboard (TSX:SOIL)

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Comment by downtozeroon Mar 19, 2024 8:47am

RE:RE:RE:RE:Debt reduction and conf call BS

Yes, they could make it (barely) at $95 oil without further dilution, but that's not their guidance. 461M end of 2023. 180M paid off in 2024 = $281M remaining. 130M FCF applied to debt in 2025 ...more  
200
Discussion
Comment by VeritasVernon Mar 19, 2024 1:14am

RE:RE:RE:Debt reduction and conf call BS

Their guidance has them paying off the debt of $463 million in about two years at $75 WTI. They claim that for every $5 above $75 they estimate they will earn an additional $15 million FFF. So at $85 ...more  
212
Discussion
Comment by geezer21on Mar 18, 2024 8:50pm

RE:RE:Debt reduction and conf call BS

There is good debt if it is earning more than what it costs.  If there is a place to put the banks money to work at a profit over the term rate you likely should keep that debt,  however, if ...more  
200
Discussion
Comment by VeritasVernon Mar 18, 2024 6:11pm

RE:Debt reduction and conf call BS

Don't the warrants have a strike price of $4 we are currently at $2.48 a difference of $1.52 just to get to the exercise price? In 2023 they repaid $152 million in principal.  At any ...more  
208
Discussion
Comment by Rainydayon Mar 14, 2024 12:39pm

RE:Corporate Presentation

I picked up some more shares this morning - the monthly debt repayment is about a dime a share (about 4% of the stock price each month). That will get factored into the stock price at some point.
190
Discussion
Comment by kkkrrron Mar 14, 2024 10:20am

RE:Debt reduction and conf call BS

no, they don't need the warrants .. why? they payed 80 million USD +++ interests in 2023 ... with debt going down the interest payments coll come down significantly and this savings will fill the ...more  
228
Discussion
Post by downtozeroon Mar 13, 2024 7:57pm

Debt reduction and conf call BS

I 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 ...more  
433
Discussion
Post by Rainydayon Mar 13, 2024 6:22pm

Book value

Saturn's book value per share at the end of 2023 is about $3.75 and, while I am well aware of the potential drawbacks in using book value per share to value companies, their production, reserves ...more  
330
Discussion
Post by Rainydayon Mar 13, 2024 5:39pm

Earnings

With (Diluted) earnings per share of $2.25 in 2023 this is a P/E of about 1.1 - anyone else think this is "rather low" for a company that has excellent growth prospects ?
179
Comment by Rainydayon Mar 13, 2024 5:14pm

RE:Corporate Presentation

I'm very pleased to see they are very committed to paying down debt. That's a great use of the cashflow they are generating.
115
Discussion
Comment by VeritasVernon Mar 12, 2024 5:00pm

RE:Financials to be released after market

Ya Vern, I guess we will find out later tonight/tomorrow then... API reported a nice 5.5 million barrel inventory decline as well as 3.75 million barrels of gasoline. 
136
Discussion
Post by VeritasVernon Mar 12, 2024 12:57pm

Financials to be released after market

and webcast tomorrow. Any thoughts on the results?
176
Discussion
Post by Rainydayon Mar 06, 2024 10:23pm

Corporate Presentation

The company plans in 2024 to reduce debt from ~$463 million to ~$275-290 million. Right now the market capitalization is below the debt level but that should change in a few months and, given the ...more  
307
Discussion
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