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 > NCIB

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Post by ppp on Aug 23, 2024 11:58am

NCIB

2024-08-23 08:31 ET - News Release

Calgary, Alberta--(Newsfile Corp. - August 23, 2024) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") is pleased to announce that Saturn has received acceptance from the Toronto Stock Exchange ("TSX") in respect of its intention to make a normal course issuer bid (the "NCIB") to purchase and cancel up to 11,306,825 of its outstanding common shares ("Common Shares") during the one-year period from August 27, 2024 to August 26, 2025 (the "Expiry Date")

About time guys.

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Comment by VeritasVern on Aug 23, 2024 12:39pm

Interesting development as I thought paying down debt was the priority. Perhaps this signals that the fins are better than expected? The 11.3 million NCIB works out to about 56,500 shares/d assuming 200 trading days in a year and that they buy the full NCIB allowance. Depending on the price of WTI this should add support to the sp.

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