Post by
Rainyday on Mar 13, 2024 6:22pm
Book value
Saturn's book value per share at the end of 2023 is about $3.75 and, while I am well aware of the potential drawbacks in using book value per share to value companies, their production, reserves and other assets (land, etc.) are supportive of a much higher value for the stock. When their debt is lower (as it will be with their aggressive debt repayment) the market should recognize that and give this company's shares a nice boost.
Comment by
Rainyday on Apr 05, 2024 1:11pm
It looks like the market is understanding the reason to be in this stock as it is increasing faster than a lot of the other oil & gas stocks. It's still $1 below book value and I'd be quite comfortable owning it even at that price.