TSX:SOIL - Post Discussion
Post by
retiredcf on Aug 16, 2023 7:51am
Eight Capital
Eight Capital’s Christopher True trimmed his Saturn Oil & Gas Inc. target to $5.65 from $6.50, keeping a “buy” rating. The average is $5.91.
“We are reducing our price target on the heels of SOIL’s Q2/23 update,” he said. “Our expectation is that Saturn will have to push out its target of producing at a 30 MBOE/d run rate while it focuses on debt repayment on the near term. Our lower price target is a result of our production estimate being reduced and capex being pushed further out.”
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