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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

Comment by ROIcrusaderon Feb 02, 2023 8:09am
371 Views
Post# 35261667

RE:SATURN - BIG DAY

RE:SATURN - BIG DAY It will be a big day alright, interesting to see how the market reacts to a private placement at $2.11 that doubles the share count.

Before we go singing praises and comparing these guys to Wozniak... Let's not forget that a mere 16 months (Oct 2021) ago this company did a TWENTY to ONE share consolidation, reducing the share count from over 500million. I wasn't a shareholder then, but if you go a few pages back you can see plenty of rage ... existing shareholders were decimated. 

https://saturnoil.com/invest/news-releases/saturn-oil-gas-inc-announces-ceo-presenting-at-the-international-investment-forum-and-completes-share-consolidation

Following that SOIL conducted several equity raises and took on a rather large bucket of debt in the next 16 months to grow production. The company also missed the boat, having millions of warrants expire out of the money; which would have otherwise helped finance said growth.

I've been watching this name for a while, and I see the attractive valuations etc. but why buy SOIL when there are other comparable oil companies that are about to be, or are debt free. 

I wish SOIL success but I'm watching from the sidelines holding MEG TVE WCP CPG HEU CJ I might at some point grab some 2025 warrants

GLTA
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