SATURN OIL/ GAS - STRONG BUY Saturn oil and gas now has 3 analysts covering it up from 2. ! The latest calls for a price of $7.50 approx and this is more than 3 times the current price. The rating average amongst all 3 analysts is 1.33 - STRONG BUY . I have been around and I own only 3 names . I have averaged in nicely in that the latest private placement raise to acquire the latest asset was placed at $2.75. This was a substancial capital raise done along side a loan from a private lender in the U.S . Regardless some real money , real people with much more knowledge of the industry especially inside the industry bought in heavily at $2.75.
So buying in today or around these prices before earnings in a few days could be a excellent entry point in my opinion !! The Company also has a 3 year plan. The plan had the company out of debt entirely around 3 years . This would mean there is tonnes of tier one drill site's available, along side a massive amount of potential in work overs on older wells that according Saturn the first few have been very economical, and producing meaningful returns.
I think this is a great place to be mid to long term. However , for the investor that likes to swing trade , I feel there is a 10 to 15 percent bump here , in the very near future.
Good luck do your home work , and do not take advice from posters like me or anyone with out double or triple checking facts. Even then remember to exercise caution !!
Craig