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 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.

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Saturn Oil & Gas Inc > Decline

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Comment by sunnyboy11on Jan 18, 2022 7:00pm

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Post# 34330835

RE:RE:RE:RE:Decline

Dreamneon.

I'm not understanding why they are hedging beyond 2023 if their debt is zero at year end 2023. Their hedges are crushing them. I believe Midale oil is currently around $100/bo. They should be renegotiating with their lenders.

And acquisitions should be out of the question until they have reduced their debt and reduced their abandonment obligations. Re-activations...those are rare in this basin.

Organic growth is dependent on the quality of their team. Not an easy task for a group unfamiliar with the reservoirs in that area.

I'd actually be excited about this company if they got rid of their hedges and beefed up on talent.

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