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Bullboard - Stock Discussion Forum 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... see more

TSX:SOIL - Post Discussion

Saturn Oil & Gas Inc > SATURN OIL/ GAS - STRONG BUY
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Post by 1970Craig on Aug 16, 2022 4:35pm

SATURN OIL/ GAS - STRONG BUY

Saturn oil and gas now has 3 analysts covering it up from 2. !   The latest calls for a price of $7.50 approx and this is more than 3 times the current price. The rating average amongst all 3 analysts is 1.33 - STRONG BUY  .  I have been around and I own only 3 names .  I have averaged in nicely in that the latest private placement raise to acquire the latest asset was placed at $2.75.  This was a substancial capital raise done along side a loan from a private lender in the U.S  .   Regardless some real money , real people with much more knowledge of the industry especially inside the industry bought in heavily at $2.75.    

    So buying in today or around these prices before earnings in a few days could be a excellent entry point in my opinion !!   The Company also has a 3 year plan.   The plan had the company out of debt entirely around 3 years . This would mean there is tonnes of tier one drill site's available, along side a massive amount of potential in work overs on older wells that according Saturn the first few have been very economical, and producing meaningful returns.  

   I think this is a great place to be mid to long term.   However , for the investor that likes to swing trade , I feel there is a 10 to 15 percent bump here , in the very near future. 

    Good luck do your home work , and do not take advice from posters like me or anyone with out double or triple checking facts.   Even then remember to exercise caution !!

   Craig

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