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Saturn Oil & Gas ( (TSE:SOIL) ) has provided an announcement.
Saturn Oil & Gas Inc. has announced the renewal and expansion of its $150 million syndicated credit facility, which now includes an uncommitted accordion feature allowing for a $100 million increase, bringing the potential total to $250 million. This move reflects Saturn’s strong financial position and provides the company with the flexibility to continue developing its light oil-weighted assets, supporting its strategic blueprint and enhancing its market position.
The most recent analyst rating on (TSE:SOIL) stock is a Hold with a C$4.00 price target. To see the full list of analyst forecasts on Saturn Oil & Gas stock, see the TSE:SOIL Stock Forecast page.
Spark’s Take on TSE:SOIL Stock
According to Spark, TipRanks’ AI Analyst, TSE:SOIL is a Outperform.
Saturn Oil & Gas scores well overall due to its strong financial performance and positive earnings call, underscoring robust revenue growth and operational efficiency. Attractive valuation adds to the appeal, though technical indicators highlight caution due to overbought signals. The company’s high net debt and oil price volatility remain significant risks.
To see Spark’s full report on TSE:SOIL stock, click here.
More about Saturn Oil & Gas
Saturn Oil & Gas Inc. is a Canadian energy company focused on the efficient and innovative development of high-quality, light oil-weighted assets in Saskatchewan and Alberta. The company employs an acquisition strategy targeting accretive and complementary opportunities, with a portfolio of free-cash flowing, low-decline operated assets providing long-term economic drilling opportunities. Saturn is committed to building an entrepreneurial and ESG-focused culture, aiming to increase per share reserves, production, and cash flow at an attractive return on invested capital. Its shares are traded on the TSX under the ticker ‘SOIL’ and on the OTCQX under ‘OILSF’.
Average Trading Volume: 191,257
Technical Sentiment Signal: Hold
Current Market Cap: C$411.3M
For an in-depth examination of SOIL stock, go to TipRanks’ Overview page.