Saturn Oil & Gas Inc T.SOIL

Deal?

[Pizon]

Maybe they are working on a creative deal thier consultants secured for them?? Rarely seen a halt this long though..has anyone else??

[peterj99]

International Frontier: it is still halted V.IFR

[Theconsortman]

Nope. IFR signed a LOI with a private fro a reverse takeover.

[peterj99]

https://www.stockwatch.com/News/Item/Z-C!IFR-3078345/C/IFR

[Pizon]

Nice! Sounds like Cresecent Point assetts Im betting....share price should go up on this news...  where to , whho knows? 

[peterj99]

Hi You are quite knowledgeable in the oil markets. I am interested in your opinion of this Saturn deal To me it looks great  TIA

[kavern23]

Peter who are you refering this question too?

[kavern23]

You guys realize the important detail left out of the press release?

[KM24207]

I agree, although happy for them it's odd to me they didn't mention how many wells or the aro liability - I'm very familiar with the area as my wife grew up there and there are a lot of old well sites and facilities that will not be cheap to reclaim.

[Theconsortman]

Hats off to them for getting a deal done. I wonder who the large US institutional investor who lent them the money is? Did Prudential double down?

[Poise1]

Dell.

[peterj99]

I was asking Consortman as he appears to know a lot about oil stocks but I would appreciate anyone's opinion, good or bad TIA

[Theconsortman]

I will admit I did not see that coming. No idea if it is a good deal or not as we don't know the specifics of the properties, that will play out over time. Very ballsy move to finance most of it with debt. If I was an existing shareholder I am not sure how I would feel. You are behind all that debt if things go sideways and the fiancings appear to be at $0.11 plus a warrant at $0.16 so short