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Dirk Graszt, CEO, Clean Logistics SE

Dirk Graszt
CEO | Clean Logistics SE
Trettaustr.32, 21107 Hamburg (DE)

info@cleanlogistics.de

+49-4171-6791300

Interview Clean Logistics: Hydrogen challenge to Daimler + Co.


Matthew Salthouse, CEO, Kainantu Resources

Matthew Salthouse
CEO | Kainantu Resources
3 Phillip Street #19-01 Royal Group Building, 048693 Singapore (SGP)

info@krl.com.sg

+65 6920 2020

Interview Kainantu Resources: "We hold the key to growth in the Asia-Pacific region".


Justin Reid, President and CEO, Troilus Gold Corp.

Justin Reid
President and CEO | Troilus Gold Corp.
36 Lombard Street, Floor 4, M5C 2X3 Toronto, Ontario (CAN)

info@troilusgold.com

+1 (647) 276-0050

Interview Troilus Gold: "We are convinced that Troilus is more than just a mine".


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
ISIN: CA80412L1076 , GB0007980591 , GB00B03MLX29


John Jeffrey, CEO, Saturn Oil + Gas Inc.
"[...] The Oxbow Asset now delivers a substantial free cash flow stream to internally fund our impactful drilling and workover programs. [...]" John Jeffrey, CEO, Saturn Oil + Gas Inc.

Full interview

 

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.


Related comments:

25. October 2021 | 12:36 CET | by Armin Schulz

BP, Saturn Oil & Gas, Royal Dutch Shell - Oil stocks take off

  • Oil

Anyone who has to fill up their car at the moment will not be thrilled. Prices at gas stations rose in some cases to over EUR 2. The reason is the further rising oil price. An end to this trend is currently not in sight. Morgan Stanley analyst Martijn Rats raised his forecasts for the first quarter of 2022 to USD 95 and sees the oil price at USD 70 per barrel in the long term. Falling supply due to scaled-back investments is causing prices to rise. Due to climate protection and the targets set, investments in the development of new oil wells have been significantly reduced. In 2014 it was still USD 740 billion; 6 years later, it is only USD 350 billion. Oil producers are currently benefiting the most from this development, so we take a closer look at three companies.

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21. October 2021 | 10:11 CET | by Carsten Mainitz

Gazprom, Saturn Oil + Gas, TotalEnergies - Rising prices continue to create a party atmosphere

  • Oil

Europe is currently experiencing an energy crisis. Drivers are noticing it clearly at the gas pumps and users of gas heating systems in their bills. The reasons are manifold: the recovery of the economy after Corona, the curbing of coal-fired power generation for climate protection reasons, the growing hunger for energy of emerging economies and, last but not least, weather effects. In Germany, there is an additional reason: the phase-out of nuclear energy is currently causing a strong expansion of gas-fired power generation to secure the baseload. The beneficiaries of this development are the oil and gas producers - and thus their investors.

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06. October 2021 | 12:56 CET | by Stefan Feulner

BYD, Saturn Oil + Gas, Royal Dutch Shell - Explosion on the oil market

  • Oil

The Organization of Petroleum Exporting Countries OPEC and its alliance partners led by Russia (OPEC+) have decided to increase production only gradually, despite tight supply. Demand is recovering strongly as the Delta variant of the coronavirus subsides. The result is skyrocketing oil prices, which are the highest they have been in seven years. In contrast, oil producer shares are still far from their highs.

Read