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 > warrants

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Comment by ManitokFTon May 30, 2022 11:02am

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Post# 34716869

RE:RE:RE:RE:RE:warrants

Share consolidation, yes.
But it appears that they did not consolidate the warrants. Their reporting is horrific and it is easy to miss.
From the Q1 financials (note 9), superscript on the 13.4 million $3.20 warrants:
1 Reflects 268,333,333 warrants outstanding, exercisable on a twenty warrant per exercise basis at a combined price of $3.20 per exercise...
If you look at trading volumes on SOIL.WT, they are way too high if the warrants were consolidated.
I expect there are quite a few market participants that believe the warrants exchange 1:1. That is probably inflating the trading value of the warrants significantly. The warrants should be trading at half current numbers.
Good luck to all in this stock, indeed.

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