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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

Saturn Oil & Gas Inc > Transformational deals equals lousy performance
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Comment by TerribleEngon Jul 04, 2024 10:49am
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Post# 36118038

RE:RE:RE:Transformational deals equals lousy performance

RE:RE:RE:Transformational deals equals lousy performanceExact opposite.

They have repeatedly done dilutive financing. They diluted by close to 50% so far in the last 6 months. 

The combination of high yield debt and extremely high cost of equity takes a lot of the shine away from these acquisitions. Which is why the stock is flat post covid when most o&g stocks are 10x off their lows. 


They need to stop doing deals, the cheapest purchase in Canada at a discount to PDP is their own stock. Raises per share production, reserves and helps delever the company. 

https://energynow.ca/2024/06/dearth-of-energy-stock-offerings-puts-calgary-bankers-at-risk/?amp
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