Post by
BigSchlick on Dec 13, 2024 2:11pm
Saturn by the numbers
Saturn has maximized its ncib since they started their buybacks purchasing 46,032 shares every trading day. Current share price is $2.12. There are approximately 250 trading days in a year. So 46,032 x $2.12 = approx $97,600/day
$97,600 × 250 = approx $24.4 million
Saturn fcf @ $70 oil = approx $171 million/yr
$24.4 million / $171 million = approx 15%
This means that Saturn can repurchase 10% of its public float for approximately 15% of its fcf @ $70 oil. Or in other words at the current share price saturn can maximize its ncib with 15% of fcf at current oilprice.
Pretty impressive. Insiders believe so too. They've been busy buying stock