Good Canadian oil
In a modern society, the origin of crude oil will become increasingly important. In Canada, human rights are respected and the environment is protected. The young Canadian oil producer Saturn Oil & Gas (TSXV: SOIL) also attaches importance to compliance with ESG guidelines. The company completed the year 2019 profitably and was already able to announce a profit for the first quarter of 2020.
A new management team took the helm in 2017 and realigned the company. Since then, over 30 horizontal wells have been drilled in the Viking Formation in western Saskatchewan. The Company recently announced that it is currently focusing on acquisitions. In March 2020, Jim Payne, CEO of the cleantech company dynaCERT (TSXV: DYA), joined the Board of Directors of Saturn Oil & Gas. Another step towards environmental protection and sustainability. It can be observed that Payne, as an insider, continues to expand his position at Saturn through share purchases. Those who bought the company’s shares three years ago are currently looking at a price gain of 36%.
Global player with tradition
The oil producer BP (NYSE: BP) is one of the world’s heavyweights and has a market value of EUR 75.7 billion. The company pays dividends to its shareholders and was recently rated as a ”buy” by the analysts of Goldman Sachs and UBS. However, the share price has fallen by 33% over the past 36 months. The experts’ assessment is probably not inconvenient.
Dividend cut after 75 years
At the beginning of 2020, Shell (NYSE: RDS.A) was still pursuing a share buyback programme. However, in connection with the fall in the price of crude oil, the purchase of own shares was suspended in order to preserve the company’s liquidity reserves. Shell currently has a market value of EUR 117.9 billion. In the past three years, the shares have lost over 36% of their value. Moreover, the reduction in dividends after 75 years is unlikely to have caused much enthusiasm.
CONFLICT OF INTEREST & RISK NOTE
We would like to point out that Apaton Finance GmbH, the owner of news.financial, as well as partners, authors or employees of Apaton Finance GmbH may hold shares in the aforementioned companies and that there may therefore be a conflict of interest. Further details can be found in our ´Conflict of Interest & Risk Disclosure´.