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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 Aug 31, 2024 10:51am
158 Views
Post# 36203944

RE:Saturn is Behaving very Positive.....

RE:Saturn is Behaving very Positive.....Nice finish to the close on Aug 30th on a oil sell-off day. The financial fundamentals support this stock but so do the NCIB share buybacks which I think equates to about an average 56,500 shares bought per trading day. The TO stock exchange showed trade volume of about 143,000 on Friday and assuming only the full average daily 56.5K shares were bought, that represents 39% of the total yet SOIL will be retiring about 5.5% of the outstanding stocks. Average trade volume for the stock on the TO exchange is only 146,000 k. This is one good example of the benefits of being under the radar and how supportive and accreditive the NCIB is. If WTI oil moves back up to near the $80 mark this stock should easily be over $3 and set a new 52 week high. All time high is $6 in Oct 2018.
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