Have a look at Saturn my friends . It's small but have a look at there presentation ! The just eclipsed 12000 barrels a day amd are leaving Q 4 with 13400 average daily production. That is the forcsst. There model is 50/50 as they have a tonne of debt and they build production to a forecast of 15,000 barrels a day.
They free cash flow 108 million based on there projections leaving about 80 million at end of 2023. Projected to be paid off 3rd Q 2024. There is 59 M shares outstanding. Do the math.
Also huge to me. The private family that lends the money . It's Michael Dell. Dell Computers. I don't think his funds make bad decisions .
This has 4 analysts all have a strong buy and a 7.85 average price. It's at 2.5. My cost base is 2.601.
So I believe 10 cents higher. That os 4 percent higher approx .
Just check out there presentation. You will want to invest. I met the the team in person and Kevin Smith there VP is phenomenal. Then there CEO is a guy you feel WILL PROVE HIMSELF.
I checked them out in person because I have a larger postion in this one.
I am going to buy more. Picked up 15 thousand more after my meeting.
Anyway. They have wells right wheee whitecap does too and they drilled the best well last year .
Check it out and I apologize for posting another Company.
You might thank me. Do your own research and that being said. Don't trust me. Do not.
Check out there company presentation
Craig