Saturn Oil & Gas Inc T.SOIL

Decline

[Junebug]

I aldo would like to j iw shy thus stock dropped so much. The analyst just a day or do before the big drop still gave it a buy and a $10.15 or higher target. Plz someone tell us what happened.

[captwade]

My guess as to why this is tanking would be simply the fact that the webcast gave us a chance to meet and evaluate management.  I wasn't impressed. Things were going not too bad untill the cfo spoke.  So, the problem as I see it was simply the fact that the cfo stood up and characterized an eight dollar hedging loss as something of a positive that he would look forward to any

[Insidersinsider]

I have a big share value also. They have a great asset and with oil prices being this high, it should be a no brainer and big gainer. Anytime the CEO opens his mouth this stock takes a dive. He trumpets completely on his ego alone, over promise and under delivers, as can be seen in his presentations and now the word is out in the field. This management has something to be desired. For this stock

[Investorman4672]

I couldn't agree with you more . Jeffrey's is an egotistical maniac. I don't think his head can get between the office towers on both sides of Stephen Ave. This could be such a good thing for this group and its shareholders. I wonder why there is little to no mention of the underlying dud in this deal; the liability and amount of abandonments and clean up they must do. Yuck

[Theconsortman]

Strange little press release. Smells too vancouver exchange promotional for my liking...Desperate? https://boereport.com/2022/01/10/how-saturn-oil-and-gas-transformed-from-300-to-7000-boe-d-increasing-production-by-over-2000/

[frostback]

Hey Consortman, you have been following this story for awhile….remember not so long ago there was a paid puff piece published almost every week it seemed to be driving the hype and thus the SP wiht wild gyrations.  It seemed to substantially decrease in frequency almost overnight as the company moved to the Viking play as I suspect there were enough folks familiar with the play to be able to

[knowchance]

Achieved third quarter average production of 6,970 boe/d (96% oil and NGLs) in 2021 compared to 499 boe/d (100% oil) in the third quarter of 2020; Generated adjusted funds flow1 of $13.9 million ($0.55 per consolidated basic share) in the three months ended September 30, 2021 compared to $1.0 million in Q3 2020 ($0.09 per consolidated basic share); From Saturn press release

[Theconsortman]

Comparisions before and after a large deal are of limited value. Pricing has definitely moved in their favour but the elephant in the room is the nature of the assets they bought and the liabilities they bring.

[Insidersinsider]

Oil at $84 today. Junior O&G stocks going to the moon. Heck!! Every O&G stock going to the moon...except Saturn. Even the most inept O&G management teams can get lift off...except Saturn.

[frostback]

No, check out VLE.  Now thats a real heartbreaker!!!!

[sunnyboy11]

More reasons: Generated adjusted funds flow1 of $13.9 million ($0.55 per consolidated basic share) in the three months ended September 30, 2021 compared to $1.0 million in Q3 2020 ($0.09 per consolidated basic share); Achieved an operating netback1 for the three and nine months ended September 30, 2021 of $28.83 per boe and $29.55 per boe; Most operators in the

[macjack]

I haven't watched the webcast and I'm not defending management but those hedges were obviously required to close the $83 million financing for the recent acquisition. No hedging no deal. The hedging they locked in was probably the going prices at the time. Macjack

[frostback]

So word is out about management incompetence.  Not sure how many have followed this company throughout the past several years but for those that have it likely comes as no surprise that the current SP is diving.  One thing that has been consistent over the years is management will keep rewarding themselves at the same time destroying the value of the company.   It wold be

[DreamNEON]

Every business man should be careful in order to keep his business alive. The hedging makes sense. I saw an interesting analysis: Record quarter production 6,970 boe/d Record quarter Free Cash Flow $9.5M CAD Record production. The company has produced 6,970 boe/d during Q3-2021. This represents an increase of 270% over their Q2 results and 1297% over Q3 2020. Record Free Cash Flow. The

[sunnyboy11]

Dreamneon. I'm not understanding why they are hedging beyond 2023 if their debt is zero at year end 2023. Their hedges are crushing them. I believe Midale oil is currently around $100/bo. They should be renegotiating with their lenders. And acquisitions should be out of the question until they have reduced their debt and reduced their abandonment obligations. Re-activations...those are rare

[Rational43]

These oil prices have a way of making barely economic wells into cash cows and makes the money spent to re-activate or drill new pay back quickly. There is a solid $20 WTI difference between what the value of production is for the next few years now, vs what anyone was assuming three months ago.   Hedges suck, but any new production is 100% unhedged, and the 25% of existing unhedged is