Saturn Oil & Gas Inc T.SOIL

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

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 Saskatchewan. Its portfolio includes Southeast Saskatchewan, West Central Saskatchewan, Central Alberta, and North Albert. The core producing properties in Southeast Saskatchewan include its Oxbow assets, which are concentrated within the Mississippian-aged, Midale and Frobisher oil formations and the Bakken assets concentrated in the Bakken formation of Southeast Saskatchewan. The core producing properties in West Central Saskatchewan consist of its Viking assets. The core producing properties in Central Alberta consist of its Cardium assets.

TSX:SOIL - Post by User

Saturn Oil & Gas Inc

Bullboard Posts

Post by zetaon Jun 05, 2008 6:11pm

357 Views

Post# 15151293

TA AND CHART FOR FRIDAY

Hi -- Someone asked for a ta and chart, so, here it is.
SMI is in a long sideways consolidation, roughly in the .26 to .45 range. It has tried several times to make a move upward, but gets hit with sellers and -- down it comes. However, I think the rally on Monday was enough to clean up the overhead and I think the stock is now breaking out nicely -- the candle today was an inverted hammer -- bullish in this position, so I would expect more upside tomorrow and next week. SMI has good support on the 20 ema and I would expect a decent run up, say to around the .60 to .70 range. So -- the action is just starting for SMI -- you should do fairly well on this one. Good luck. Here is the daily chart.