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Jim Payne, CEO, dynaCERT Inc.

Jim Payne
CEO | dynaCERT Inc.
101-501 Alliance Avenue, M6N 2J1 Toronto, Ontario (CAN)

jpayne@dynacert.com

+1 416 766 9691

dynaCERT CEO Jim Payne on attractive hydrogen opportunities


Sebastian-Justus Schmidt, CEO and Founder, Enapter AG

Sebastian-Justus Schmidt
CEO and Founder | Enapter AG
Ziegelhäuser Landstraße 1, 69120 Heidelberg (D)

info@enapterag.de

Enapter AG CEO and founder Sebastian-Justus Schmidt on the future of hydrogen


John Jeffrey, CEO, Saturn Oil & Gas Inc.

John Jeffrey
CEO | Saturn Oil & Gas Inc.
Suite 1000 - 207 9 Ave SW, T2P 1K3 Calgary, AB (CAN)

jjeffrey@saturnoil.com

+1-587-392-7900

Saturn Oil & Gas CEO John Jeffrey on the future of the company and ESG


03. June 2020 | 10:02 CET

BP, Saturn Oil & Gas, Shell - Revenue and profit increase significantly

  • Oil
Photo credits: pixabay.com

The oil price continues to gain momentum and is still trading around 40% below the January 2020 level, and now the right stocks are in the spotlight. In addition to the well-known major oil producers such as BP and Shell, there are also successful producers who are not yet so well known, but who certainly have potential. Last night the young Canadian oil producer Saturn Oil & Gas published the results of the past fiscal year. Due to the Corona Pandemic, the company had postponed the release, which is currently nothing special and is officially made possible by an extended deadline.

time to read: 1 minutes by Mario Hose


 

Author

Mario Hose

Born and raised in Hannover, Lower Saxony follows social and economic developments around the globe. As a passionate entrepreneur and columnist he explains and compares the most diverse business models as well as markets for interested stock traders.

About the author


First annual profit in company history

According to its financial statements, Saturn Oil & Gas increased its oil sales from CAD 4.5 million in 2018 to CAD 18.3 million in 2019, a increase of over 300%. For the first time in the company's history, an annual profit was reported. The Adjusted EBITDAX even reached a level of CAD 12.7 million. Saturn Oil & Gas earned more than CAD 820,000, compared to a loss of CAD 1.5 million in the previous year. The company is obviously on the road to success.

Reduction of production costs

Last year, Saturn Oil & Gas increased its average daily production from 233 barrels in 2018 to 766. On average, the company achieved a sales price of CAD 65.47 per barrel in 2019 compared to CAD 48.52 in the same period last year. In addition, the company achieved an operating netback of CAD 51.84 per barrel. In the previous year, this figure was CAD 30.22 per barrel, partly due to the low oil price.

Reserves were expanded

In 2019, Saturn Oil & Gas drilled 17 successful horizontal wells in the Viking Formation. The costs for the drilling and completion were CAD 17.53 million or an average of CAD 1.03 million per well. Despite the production of crude oil, the total proven and probable reserves (NPV-10) increased from CAD 91.37 million to CAD 111.65 million, representing a value of CAD 0.47 per share. In the stock market, the share price has already recovered to the level of the pre-Covid-19 period and yesterday closed at CAD 0.135 and a market value of CAD 31.67 million. In October 2018 the share was already trading at CAD 0.30.

Good oil from Canada

In addition to the positive economic development, the management of Saturn Oil & Gas is also addressing environmental protection issues and placing ESG at the forefront of its activities. Investors who believe that oil will continue to be needed in the coming years for a secure life in a modern society and at the same time want to position themselves in Canada, a country that respects human rights and environmental protection, should take a closer look at the Saturn Oil & Gas share.


Author

Mario Hose

Born and raised in Hannover, Lower Saxony follows social and economic developments around the globe. As a passionate entrepreneur and columnist he explains and compares the most diverse business models as well as markets for interested stock traders.

About the author



Conflict of interest & risk note

In accordance with §34b WpHG we would like to point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH may hold long or short positions in the aforementioned companies and that there may therefore be a conflict of interest. Apaton Finance GmbH may have a paid contractual relationship with the company, which is reported on in the context of the Apaton Finance GmbH Internet offer as well as in the social media, on partner sites or in e-mail messages. Further details can be found in our Conflict of Interest & Risk Disclosure.


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29. October 2020 | 13:36 CET | by André Will-Laudien

ENI, Royal Dutch Shell, Saturn Oil & Gas - scandals and crash!

  • Oil

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  • Oil

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BP, Royal Dutch Shell, Saturn Oil & Gas: The rebound with an announcement!

  • Oil

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