SATURN - BIG DAY Regarding Johns comment about the price we get ? He was asked what the price we get is. We are a Canadian company he had to report the number he uses to show us ?
I do agree I think in this case is was opportunist but as a shareholder we are being ignored enough already. So the fact we have this much production now the old hedges melt down , and are less of a factor anyway.
Then most of us are a little older , and of not let me tell you something. Everyday is a different picture ! In my life experience there very well could be a day that we are all typing what a genuus he is for the 80 solar hedges. How did he know , he is so smart. !!! Being sarcastic.
You remember in the summer the
viking acquisition ? Remember they hedged a bunch at over $100 usd a barrel. We all have to renew a mortgage and you win and you loose. If your playing with a decent stock , in time there will be day when every screnario can look smart.
If we are good people doing good things , than I believe things are always karmad out.
YoI know ? Today I just sold part of my company for 55 cents less than my average cost and I am now only 1.1 percent ?
The bigger picture Is easy to see. Look at what I own now.
I have 15 years of drilling inventory with 2 younger CEOs , who CUT THERE TEETH , in meetings with the largest oil company's hearing all the sweet spots and these arw
the guys who tell the oil guys where to drill.
These 2 Justin , and John are the guys who helped all the largest players 800 times over , where to drill , how to get every last drop.
You wonder why they were aproached to run Saturn. This is like getting WOZNIAK FROM JOBS , Apple , nothing with the guy to find it.
15 years of inventory 1.84 free funds flow 2023 pro forma and we gave analyst saying the negativity is baked in all ready and oil is set to rise.
Remember I think every day above 80 dollar oil is that much less we need to be okay.
I want to always be working on the foundation at this stage of the company. That is the message.
We now have plus 20k production , and closer to 30 k. We have enough production , and production hedged above 20 k BOE we could actually slow the drilling down in a tougher environment, and still chomp at debt
So we are now a far stronger company
good luck everyone. Also I don't know anything , you can never take advice from anyone on a public board. Just my opinion
Craig