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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

Post by Arbitrage1970on Jan 25, 2023 7:10pm
430 Views
Post# 35246656

SATURN OIL&GAS - 5% OVERRIDING ROYALTY

SATURN OIL&GAS - 5% OVERRIDING ROYALTY

  Another way Saturn could quickly recude debt would be to issie a 5% royalty , on the new asset, with the idea that a proper Canadian bank syndicate will take on the company's debt .   With a royalty of 188 M like whitecap did woth
topez of there Sask asset.  So limited to just a certain assets. 

       I don't think we need to do this. It's just another option. If you don't like debt.  There are 7 ways to Sunday now to take care of this.  I will say it again. If oil stays around here , we are excellent. If it goes down around 70.  We are okay , and if we get to 90 or $100 dollar oil.  

   I don't look or base my numbers on higher oil   I look at it as every day I am above 80 my number to break even comes down  
      Make us stronger   

 

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