RE:SATURN 13,000+ barrels daily Q4 for $2 Great BUY I am with you. !! The hedging is what holds us back. But we are small growing , and new production may not be hedged. Not sure what there debt requirements are , but I do remember them saying they now average $75 a barrel.
If you told me I could get 75 bucks a barrel 3 years ago. I would jump all over this. One must remember if the price of WTI goes down , we are almost fully hedged !
I like this name and am very invested.
It's cheap right now ! They raised capital at $2.75 a share. Ifs at 2.50.