Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Saturn Oil & Gas Inc T.SOIL

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

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

Comment by trikenon Jan 21, 2023 1:56pm
386 Views
Post# 35237530

RE:Petrobank-Petrobakken-Lightstream-Ridgeback-Saturn

RE:Petrobank-Petrobakken-Lightstream-Ridgeback-Saturn
triken wrote: I didn't think I would be owning this again (at a price) having been robbed by Ridgeback. $2.11 share offering and mega debt when everyone else in the oil patch is re-trenching. Not against contrarian moves and the price is ok however the trader shoals do not like to be deviated from current underlying trend. Interesting to see when we get back to halted share price.
There was a lot of resentment to Ridgeback in the market and this likely still persists.

Should have stated resentment by Lightstream shareholders who were completely wiped out when the bond holders took over the company. JW borrowed heavily instead of raising equity resulting in bankruptcy, many shareholders believed that this was opportunistic and extremely predatory and that there was residual value which could have flowed to the common shares.
I note that there will be 17000boed accruing from Ridgeback but they were forecasting 24500boed last year, I presume some of that production was sold off hence the reduced price, decrease in WTI from last year also affecting price paid.
<< Previous
Bullboard Posts
Next >>