Saturn Oil & Gas Inc T.SOIL

Market starting to wake up

[ppp]

Debt a bit high at the moment at 545 Mil,but this company is a FCF machine. Hedges are around 70 us for 23, 54 % of production, not bad not good.

SOIL plans on paying down debt by 200 mil based on 80 dollar oil leaving 345 mil year end. Will they be able to do it? maybe, but lets say they fall short. I say to be conservative lets say 175 mil, leaving 370 add MC of 360 mil for EV value of 730 mil. production 30000 bbls of good oil and not!!! a bunch of gas mixed in. Value of 24000 per flowing cheap cheap IMO. So by the end of 23, we should start to trade closer to 40000 per bbl or 1.2 bil EV value. So I see the share price doing a double providing oil stays at these levels.

[Arbitrage1970]

Why I like your analysis is it's forgiving. I agree with your numbers and idea.  I feel the same way.  Many ways to do a Evaluation.     I like the way you did it.  You know the wild card is those warrents.   I see the stock price and if you notice the pressure is definitely upwards right now.    I saw the volime Go down but the price held. So

[ppp]

Good points, If investors want to do a comparision,use SGY Surge. Based on their EV value and FCF one will soon see how under valued this company is.