Saturn Oil & Gas Inc T.SOIL

Saturn trading under 2 x PE, 1.3 x CF in its worst quarter

[Rational43]

Saturn with 48 cents FFO in Q2, with 10% of their production shut in from fires, with low prices. Trading at 1.3 x ann. FFO in what will be their worst quarter. At current prices and production trading under 1 x CF. 38 cents free funds flow = 53% Yield ann. In 2 years, you have a debt free, 30,000 light sweet BOE producer with a current market cap of $43M CAD, with 15 year RLI. Of course, it did only earn EPS of 37 cents for the quarter, so its trading at a PE of almost 2 x. {At low prices, with 10% of production shut in from wild fires}

[ppp]

Your MC is off. it's closer to 400 mil. But you are on the right track comparing it  SGY on the YGR BB. Soil blows SGY out of the water on all metrics. 

[ppp]

Also SOIL  abandonment liabilities are much less than SGY. 93 mil for SOIL compared to 237 for SGY. All there on Sedar. The poster is full of BS on the YGR BB

[Suppe11]

Forget about the PE. The earnings statement included a non cash unrealized gain of 50m (for the whole hedgebook, years out). Without it their income would have been zero + the saved taxes...so maybe 10m. They're no wizards there...the missing 2500 bpd wildfire oil was a close to direct hit to the bottom line. So under normal circumstances (without fire, derivative gain) the income would have