Saturn Oil & Gas Inc T.SOIL

RE:RE:RE:RE:RE:Saturn Oil & Gas Details Management Change

[Theconsortman]

That is never happening. Read the latest MD&A from te end of November. In breech on their loans. Prudential has them by the short and curlys.

[peterj99]

What do you think Prudential will do? My guess is Prudential wants Saturn to be successful. That would be the best way for Prudential to make money with their customer (Saturn)

[Theconsortman]

Customer? Prudential does not care, they want their money +interest back. Yes they have waived the violations but from here on in all extra money is going towards them, not shareholders. Prudential will get paid first make no mistake.They will keep the host just barely alive while milking them as hard as they can.

[peterj99]

Look, it is quite simple: Prudential want their money and the way they will get their money is to have Saturn continue. Of course Saturn is a customer, and of course thet care, simply because they want to get their money.   Finance companies don't make money putting companies into bankruptcy They don't want pennies on the dollar which takes forever, and would cost a lot to get

[Theconsortman]

If Prudential thinks they can get the value of their loaned money back they would either tell the management the Company is sold or push them into Bankruptcy by demanding payment. In these cases shareholders are second in line and likely get $0.

[peterj99]

you single out Saturn. I suggest you look at this year's high and low for the following:WCP, SGY, CDV, CPG etc for starters   Do you really believe a bankruptcy is probable? Do you think bankruptcy gets your money back?

[Theconsortman]

You are comparing SAturn to those? Saturn is a little speck of soil (see hat I did there?) on the bottom of it's shoe. Bankruptcy won't get shareholders money back but it may get Prudentials. That was my point.

[peterj99]

I was pointing out the highs and lows Those have been affected by the Saudi/Russia squabble and made worse by covid   The size of those companies does little to help those who lost piles money with their investments   You think Saturn may go bankrupt or put into bankruptcy by Prudential IMHO that is plain silly I can't see any creditors using bankruptcy as a good

[Theconsortman]

Time value of money my friend. If you sell now you could put the proceeds into a number of oil stocks that will increase in value. Or you can hold the bag full of Saturn stock.