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 > Is the drop justified

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Comment by downtozeroon Jun 08, 2022 12:44pm

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Post# 34740727

RE:RE:RE:RE:RE:RE:Is the drop justified

Current market cap $90M
Bought deal to add 50% growth, $260M
More than doubled number of outstanding shares.
Market needs to absorb 43202733 shares over the next year, 66% @ 2.75, 33% @ 3.2.

This does not seem like a good deal for current shareholders.
Better hope oil prices stay high.

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