Bullboard - Stock Discussion Forum Saturn Oil & Gas Inc T.SOIL

Alternate Symbol(s): OILSF | T.SOIL.WT.A

Energy Oil & Gas E&P

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

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TSX:SOIL - Post Discussion

Saturn Oil & Gas Inc > CPG's loss

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Post by downtozero on May 10, 2024 1:37pm

CPG's loss

CPG reported a $400K loss using the sale to Soil as the reason. That mean's they had previously valued Soil's new assets over $1B. Great deal for Soil?

"Crescent Point reported a net loss of $411.7 million for the quarter ended March 31, 2024, primarily driven by a non-cash impairment charge recorded on classifying its non-core Saskatchewan assets as held for sale, prior to the recently announced disposition."

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