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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 VeritasVernon Mar 19, 2024 1:14am
211 Views
Post# 35939828

RE:RE:RE:Debt reduction and conf call BS

RE:RE:RE:Debt reduction and conf call BSTheir guidance has them paying off the debt of $463 million in about two years at $75 WTI. They claim that for every $5 above $75 they estimate they will earn an additional $15 million FFF. So at $85 oil they will generate an additional $30 million and at $95 oil $60 million available to pay down the debt faster. Saturn is situating themselves to be bought out and/or merged with another big player, likely with synergies within their areas of production. The question is - what is this company worth 6-12 months from now with 27,000 Boe/d, 80% oil and liquids if everything plays out according to their guidance and debt is more than halfed? I'm quite sure under this scenario the price will be much higher than the current $2.50 sp. 
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