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KALIN™

Saturn Oil & Gas Inc.

Jan 20, 2025

SOIL:TSX
Investment Type
Small-Cap
Risk Level
Action
Rec. Price (CA$)

Section1: Commodity Update:

Canada has the third-largest proven oil reserve in the world, most of which is in the oil sands. Total Canadian proven oil reserves are estimated at 171.0 billion barrels, of which 166.3 billion barrels are found in Alberta's oil sands and an additional 4.7 billion barrels in conventional, offshore, and tight oil formations.  Canada accounts for 10% of the world’s proven oil reserves. Recently, WTI crude oil futures rose to around $77.8 per barrel hovering at the highest level in more than three months, amid concerns over potential supply disruptions stemming from new U.S. sanctions on Russia's oil sector. Crude prices have also been buoyed in recent weeks by winter energy demand, declining US inventories, and speculation regarding the policies under the incoming administration of President-elect Donald Trump.

Data Source: Government of Canada 

Section2: Company Overview and Fundamental Insights:

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