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 > Market didn't like the PP

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Comment by TerribleEngon Feb 06, 2024 12:56pm

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Post# 35865603

RE:RE:Market didn't like the PP

Yeah,

This is 16% dilution. They have enough FCF to pay their amortization, they just needed to defer some capital spending... This is very very expensive financing for what to support a couple months of capex.

Management should really stop this non-accretive financing if they every want to see a re-rate in their stock. They are addicted to dilution...at cost of capital rates greater than 50%....

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