Saturn Oil and Gas Inc. - SOIL-V

Company Website 

Company Highlights: 

  • Saturn’s headquarters are in Calgary. It has a focus on light oil assets and has a portfolio of low-decline oil assets in SE and West Central Saskatchewan. Production reached 12,000 boe/d in September due to a major acquisition of 4,000 boe/d from Crescent Point for $248M in July. Their production comes from their core Viking and Oxbow areas. SOIL management sees production rising to average 13,400 boe/d in 2023 and having an exit rate of 14,000 boe/d.
  • Net debt is $223M and  they see funds flow reaching $250M in 2023 so they can pay down their debt quite quickly. They look to be debt free in 2H/24 without further acquisitions which seems likely given their acquisitive nature.
  • SOIL has 59.7M shares outstanding with a market capitalization of over $140M.