Saturn Oil & Gas initiated with a Sector Perform at National Bank

National Bank initiated coverage of Saturn Oil & Gas with a Sector Perform rating and C$4 price target. The company has accumulated a diversity of assets across the basin from which it can principally control a financial outcome of value generation to shareholders thanks to the stability of its free cash generation, the analyst tells investors in a research note. The firm adds that it believes Saturn Oil & Gas holds multiple investment themes that should validate shareholder value and returns.