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Saturn Oil & Gas renews share buyback program to repurchase up to 12.2M shares, aiming to boost shareholder value.

Company Fundamentals
03 Sep 2026
Newsfile Corp
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Bullish
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Saturn Oil & Gas has renewed its Normal Course Issuer Bid (NCIB) allowing the company to repurchase and cancel up to 12.2 million common shares over the next year. This follows a successful previous buyback program where Saturn repurchased 12 million shares, reducing outstanding shares by about 12% since 2024. The company believes its shares are undervalued and sees buybacks as a way to increase shareholder value and per share growth. The buybacks will be funded with available cash and executed by Peters & Co. under TSX rules, running from September 2026 to September 2027.

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