Kerrobert & District Agricultural Society 76th Annual Show Results
Submitted by Janice Morland
39 steers sold with a Sale Average of 3.15/lb
58 buyers were registered to buy at the sale
Rate of Gain
Grand at 4.17/lbs day
– Luke Garrett – Handel Club
Reserve at 4.13/lbs day
– Ross Toner – Handel Club
Record Book Winners
Junior – Heatly Flahr – Kerrobert
Intermediate – Madison Ley – Kerrobert
Senior – Abigail Debusschere – Handel
Team Grooming
Junior – Monarch
Intermediate – Monarch
Senior – Monarch
Grand Champion Heifer
– Angus – Kolby Haynes – Monarch
Reserve Champion Heifer
– Angus – Katie Kolenosky – Monarch
THURSDAY,
Grand Champion Heifer over all – Kolby Haynes – Monarch
Reserve Champion Heifer over all
– Katie Kolenosky – Monarch
Best Group of 4 Heifers – Handel
Best Pair of Heifers – Monarch
Grand Champion 2 year old Cow/calf
– Boone Blanchette – Kerrobert
Reserve Champion 2 year old cow/calf
– Chloe Dehr – Monarch
Grand Champion 3 year old Cow/Calf – Kolby Haynes – Monarch
Reserve Champion 3 year old cow/calf
– Sawyer Flahr – Kerrobert
Supreme Champion Female – Kolby Haynes – Monarch
Showmanship – Grand Aggregate
– Cacey Toner – Handel
Market Steers
Best Group of 5 Market Animals – Handel Club
Best Group of 3 Market Animals – Handel Club
Best Pair of Market Animals – Monarch club
Grand Champion Steer – Owen Cairns – Major Club
Reserve Champion Steer
– Cole Cairns – Major Club
Bruce Morland Memorial Award – Owen Mann – Handel Club
Kerrobert Ag Society Scholarship – Ross Toner
Kerrobert Chamber of Commerce Scholarship – Owen Mann
Record Book Judges: Michelle Henderson , Daryl Hansen , MaryAnn McKeary
Judging Card Judges: Darby Meyer & McKenzie Wheaton
Judge: Kurtis Reid
Auctioneer: Provost Livestock Exchange – Casey Lawes
Centennial
A message from the Mayor of Kerrobert
The Kerrobert swimming pool is set to open on June 3rd for the summer. I would like to thank the staff for working hard to ensure everything was ready to go as I know from experience all the work required to get the pool ready to go. Over the past many years, we had been dealing with water loss due to the poor condition of our pool basin. When Covid19 struck and we were unable to open the pool, we took that time as an opportunity to get the basin repaired. For about $70 thousand dollars, we were able to hire a company out of Biggar by the name of ICS Concrete. The work they did looks great, and it seems to have fixed our water loss issues. I am still amazed at how long our pool has been able to continue functioning, but at the same time with so many caring staff and volunteers over its 50 plus year life span, seemed to set our pool apart from some other communities with pools
of the same age. The Credit Union has graciously offered to pay for all the swimmers on Sunday June 5th. A big thank you to the Credit Union for doing this.
Our street project which included new water and sewer lines last year, will start up again soon for this season. They will first repair and prep the roads to be ready for pavement. The crews will also replace any damaged curbing and sidewalks that were removed
FULL TIME OPERATORS & SWAMPERS
to join our team in Macklin/Chauvin Area Class 1A 3A 5A Rod Trucks, Flushbys. Vac trucks, Batch Trucks Experience an asset. Oilfield Tickets required. Please email resume and abstract to: dshapka@steelview.ca Call/Text 780-753-0711
to put in water services. This work should commence within a week or so. Once all that work is completed, the paving crew will come in and pave all the streets that were dug up last year. If all goes well, we are anticipating the paving to be done by mid-July.
We reported awhile back that a time capsule was found in the corner stone of the front Courthouse steps when they were being removed as part of replacing the steps. The Courthouse restoration society have set a date for June 23rd to open the capsule. Placed there in 1920, we are all wondering what could be in the capsule. More details will follow, but it was decided that it should be an event on its own and not attached to something else going on over the summer. Stay tuned for more details as they are presented.
Mayor Wayne Mock Kerrobert
The Kerrobert Chamber of Commerce volunteered and planted 19 pots of flowers throughout the town last week. Two boys from KCS (Jaxon Mock and Matthew Sauverwald) assisted in hanging the pots.
| PHOTOS COURTESY KIM BURGARDT
OPINION
CHECK IT OUT with Joan Janzen
Trading freedom for convenience?
Mrs. Jones said to her husband, “I got a text from my mom saying she’s not accepting our invitation to visit because she doesn’t feel welcome. What does she mean? Didn’t you ask her to come at her own convenience?” Her hubby replied, “I sent her a text, but I didn’t know how to spell convenience so I used the word risk instead.”
The definition of convenient is “situated so as to allow easy access to”. Now we see that Mastercard (MC) is introducing a new pilot program that could trade convenience for risk for its participants.
MC has introduced a controversial biometric payment for your convenience. The news story asked the question, how convenient would it be to pay at the cash register by simply showing your face or waving your hand?
We are about to find out; MC has just launched a program called Look and Pay at five grocery stores in a South American city in Brazil where customers can authenticate their identity using biometric information. Customers look at the terminal, which scans their face using facial recognition software, allowing the customer to simply smile or wave a hand.
But are these customers waving goodbye to the right to choose, and the right to privacy and freedom? The president of cyber intelligence at MC described the technology as exciting and convenient, because customers no longer have to take out their cards or phone when paying for purchases. MC also claims it would shorten wait times in line-ups, provide more security than a standard card, and would be more
hygienic, relating to health concerns witnessed during the past couple of years. However the media did say not everyone agrees we should share our biometric data. A senior researcher with Human Rights Watch noted, that if biometric data is stolen as part of a breech, or compromised in any other way, it is very difficult to recover and stay closely protected again. On the other hand, when you lose your card, it’s a relatively quick process to
cancel it without risking having your biometric data stolen.
The Guardian reported that the project has raised concerns about customer privacy and how the data is collected and stored. Civil rights groups also have concerns. Suzie Miles, a lawyer and partner at Ashfords law firm, raised concerns about data storage, commenting that a password can be changed but your smile and wave cannot. Miles explained that if hacked the risk of fraudulent activity could be considerably higher than current payment methods. Although MC has taken steps to protect and encrypt data, the use of such data will make it more difficult to protect individuals’ rights to privacy.
She also expressed concerns that technology could be used to track, screen or monitor unsuspecting consumers. It’s a valid point since we’ve discovered millions of phones had been tracked during the past two years to see if people were following lockdown regulations.
And we can’t forget about the other new pilot project - Known Traveller Digital Identity (KTDI), in which our government partnered with the World Economic Forum (WEF). Canadians were not con-
sulted about joining this pilot project, operated by third-party international organizations. Meanwhile many Canadians are still experiencing the “inconvenience” of travel bans, both within Canada and outside of Canada, without any logical explanation being provided.
If you take a step back and observe all this activity, as well as the introduction of protest laws and censorship to eliminate dissenting voices, MC’s new pilot project may appear much less appealing. Nevertheless, MC is forging ahead with their pilot project, in an attempt to break into the biometric market, which is worth about $18 billion US dollars. The company reports 74 percent of global consumers have a positive attitude towards biometric technology. MC also claims it is having encouraging conversations with potential partners and is concentrating on launching the technology in Latin America, the Middle East, Africa and Asia.
North America will be next, but is this what we want? Is convenience a priority for you? Are you willing to have your individual power diminished for the sake of convenience? Just asking ...
SOCIAL HOUSING UNITS AVAILABLE FOR RENT
The Macklin Housing Authority has Senior housing units in both single and double bedrooms available for rent immediately. The units include a fridge, stove, washer and dryer. Rent is based on income. Included in the rental charge are heat, water and sewer services. Tenants are responsible for electricity charges and are required to sign up with SaskPower for service.
If you are looking for peace of mind, not having to worry about repairing your home or appliances, or having to cut grass and shovel snow, this is an excellent living arrangement for you.
For more information and to get an application form, please contact:
Macklin Housing Authority
Attn: Marie Dewald, Manager PO Box 585, Macklin, SK S0L 2C0 • Phone: 306-358-4924
Pop89 Engaging God
Lately, I’ve been reading lots of theology, which is “the study of the science of religion,” that place where theo (gods and God) and logos (word) meet. Don’t ask me to define “God”; that’s why I’m studying theology. However, I will say my sense of God is completely connected to the overwhelming sense of wonder linked with the surrender I feel when I walk along the river. Especially at this time of year, when snipes dive, robins sing, and goldfinches flitter about like bright flames with wings.
God is a word fraught with misunderstandings because who can understand such a “thing” as God? You have to want to give God a whirl. And I want to engage whatever energy it is that stirs my aforementioned sense of wonder. I want to be in touch with something that humbles me, requires me to treat others with respect, to revere nature, to sit quietly and be still instead of getting caught up in trying to accomplish too many things in order to earn a sense “self-worth.”
I like the Indigenous term: The Great Mystery. It evokes a sense of spirit, sublimity, and incomprehensibility inherent in the universe. I also like my friend Mike the physicist’s definition of God. Mike’s business card reads:
“Wile E Coyote, Mad Genius” and user the monkey: “Well, yes, actually it IS rocket science.” When I asked Mike if he believed in God, he replied: “I don’t know. But I do believe in the universe. The UniVerse. The single-story. It’s all one story, Madonna.” There. Done. Conversion accomplished. So easy. Conversion, by the way, simply means: “turning.” We become converts every day. As a matter of course, we turn from being a PC to a Mac. From keto to carnivore to vegan. From coastal to inland. We even go from female to male with less consternation and reproach than we go from believing in “the finite materiality of the universe” to “something more than all this.”
Why study God?
A friend asked. Why not religion? Because while religion focuses on “re-linking” (from the Latin re-ligio) ourselves with the divine, theology asks: what is “divinity”? To mangle Hamlet’s words to Horatio: I already know how I roughly hack and hew at my ends; I am more interested in the divinity that could help me shape them more gloriously. Or, as the philosopher Joan Chittister writes: “God is the mystery nobody wants. What people want from God is not mystery but certainty. Not to believe in
the immensity of God in such an immense astral history is to believe only in myself and what I see around me. Without a God, I am God.”
It behooves me to move past my grade two God. God is not the “He” god of my childhood, a simplistic private member’s club president. Nor is God my latest love-interest for whom I would die, or at least learn to make lasagna. Nor is God technology, a saviour who promises to save not souls but time and money and the hassle of other people.
My interest in theology resurges every time technology promises new “links” to the rest of the world through new devices requiring terms of agreement which are more like ultimatums. If I do not agree to this policy relinquishing my privacy, I am warned, my new gadget won’t function optimally.
The “links” and “webs” and “communities” of the digital age are not the links this physical animal needs, wants, and yearns for, especially in this age of isolation. As an organic entity, I thrive on real live community. I agree with author Anand Giridharadas when he says you shouldn’t be allowed to call yourself a community until you’ve had a barbecue together.
And, in my mind,
KERROBERT
no web can replace the web made by the cat-face spider in my flower pot. We are herd animals, meant to hear, see and smell each other. We also need to develop the skills, patience, and reflective skills that come only from being together. Theology is a study of the bigger picture, of that single story universe wherein not everybody has to agree with everyone else on everything in order to live together. More important than agreeing or even understanding each other is tolerating differing opinions, living in paradox, agreeing to disagree, all skills that come when finding ourselves face-toface, not online. Only in person do we laugh, joke, play and “get ‘er done.”
Val Marie is a village run on volunteerism; we must show up at each other’s harvests and brandings. We need to celebrate every new baby and marriage and mourn every lost life together, in the flesh. It is only in actual physical community that we mature, survive, and flourish. As Martin Luther King wrote: “We must learn to live together as brothers or perish together as fools.” We may be fools for all the latest technological toys and devices, but what good are they when what we really need is to sit at a kitchen table with a friend, drink coffee
and confess our worries?
Contemporary theologian Ilia Delio wrote recently about studies revealing “the harmful effects of the uncontrolled internet, including negative brain plasticity, heightened aggression, depression, loneliness, lack of compassion and narcissistic behaviour. Computer technology developed rapidly in the twentieth century, and we immersed ourselves in it without fully understanding what we were creating or how these inventions might affect human personhood and community. Within several decades, we have created an information-drenched culture fractured by tribalized and oppositional factions. Technology has sped up evolution, but we are
BY MADONNA HAMEL
on a blind and random trajectory, with no real common goal.”
The difference between knowledge and information is enormous. Knowledge makes room for the mystical and requires the time it takes to grow wise. It grows out of real-life encounters generating a full-bodied wonder. Those are the only terms of engagement I am willing to enter into.
Friday fun for everyone at Kerrobert
Friday, June 3rd was packed full of activity for residents of Kerrobert. The swimming pool celebrated their first day of the season with free admission, as kids enjoyed a warm day splashing in the pool. Next door about a dozen vendors displayed their wares at an outdoor market. Nearby the Kerrobert Courthouse Restoration Society hosted a fundraising food booth, raising funds for the courthouse staircase project.
| PHOTOS BY JOAN
JANZEN
TOWN OF KERROBERT
Applications are currently being accepted for the LEASING OF THE KERROBERT MEMORIAL ARENA CONCESSION BOOTH
(Approximately October 1, 2022 – March 31, 2023)
Groups and/or individuals interested in leasing or managing the operations of the concession booth must submit proposals with monthly lease amount to: Town of Kerrobert Box 558
Kerrobert SK, S0L 1RO
Email : kerrobert.recdirector@sasktel.net Deadline for proposals: August 1, 2022 FOR MORE INFORMATION CONTACT: Bobbi Hebron at 834-2344
Macklin teacher will be new principal at Rossville School
BY JOAN JANZEN Your Southwest Media Group
Students at Rossville School in Coleville will be introduced to a new Principal this fall. Krystle Valliere, Sun West’s new team member, graduated from the University of Regina with a Bachelor of Education. Vicki Moore, the Acting Director of Education, noted Ms. Valliere will bring much experience and enthusiasm to her new position with the Sun West team.
Ms. Valliere ventured to the United Kingdom to begin her teaching career. After graduating in 2014, she taught English to Grades 7-11 at St. Peter’s Secondary School in Huntington, Cambridgeshire. Two years later, she accepted the position of “Head of Years” for Grades 7-8 at Corby Business Academy in
Corby, Northhamptonshire. She taught Grade 7-11 English there as well.
In 2019, Ms. Valliere moved back home to Saskatchewan. She is currently the Student Service Teacher and Educational Assistant Line Manager at Macklin School.
Her specialized training and significant experience are instrumental in developing positive plans to help students cope with trauma and behaviour challenges. She’s also extensively involved in extracurricular activities and understands their importance in developing positive school culture.
“Being part of the community of Coleville and Rossville School is beyond exciting, and I cannot wait for the fall!” Ms. Valliere concluded.
The Kerrobert Credit Union is pleased to donate $5,000 to Pioneer’s Haven. Pictured here is Trina Duhaime, GM (right), presenting the donation to Krystal Bazylinski, Mangager of Pioneer’s Haven.
The Kerrobert Courtroom Gallery features two artists
BY JOAN JANZEN Your Southwest Media Group
The Kerrobert Courtroom Gallery featured two artists beginning June 3, continuing until August 31. Shane Junop from Saskatoon will display his stone carving, and Bonny McNab from Turtleford will have her painting and eco-printing featured.
Shane Junop finds beauty in the layers and textures in the natural stone he finds on the prairies. Each unique prairie fieldstone resonates with Shane far beyond its surface appearance. He’ll place a spontaneous rough sketch on the stone before beginning to transform the stone in his Saskatoon studio. He carves directly into the
stone, making strong lines and graceful curves that develop into figurative and abstract carvings.
Shane took Classical Stone Carving at the University of Saskatchewan in 2018 and Oil Painting Fundaments in Calgary in 2015. In 2021 he took the Saskatchewan Grant Council’s Grant Development Course.
Artist Bonnie MacNab resides in Turtleford, and Maple Ridge Gallery and Studio is in the home where Bonny lives. It overlooks a coulee where rolling hills are visible for miles. Bonnie grew up on the west coast of Canada but moved here after graduating and utilized the long winters to develop her skills.
Those skills include her most recognized and awarded medium - watercolour portraits. In 2021 she received a Canada Council Research and Create Grant to research Western Canadian plants that print through eco-printing. She has been able to carry her techniques into dying silk, and her silks and artwork have been described as exquisite.
Everyone is welcome to visit The Gallery Monday to Friday, 8:30 a.m. to 4:30 p.m., to see the works of these incredibly talented artists.
BY BRIAN ZINCHUK
Saturn makes quarter billion dollar purchase in Viking area of west central Saskatchewan
BY BRIAN ZINCHUK www.pipelineonline.ca
CALGARY – Saturn established itself in the Viking play of west central Saskatchewan, then over the last year it grew tremendously from a large purchase in southeast Saskatchewan. It’s on the hunt again, this time back in its old stomping grounds of the Viking, picking up 4,000 boepd in a deal announced late May 31.
Saturn Oil & Gas Inc. announced that it has entered into an arms-length definitive agreement to acquire synergistic assets in the Viking area of West-central Saskatchewan for approximately $260 million. The Viking acquisition is expected to close on or about July 6, 2022 with an effective date of May 1, 2022.
Those assets are coming from Crescent Point Energy Corp. Crescent Point had consistently kept a drilling rig working in the area for many years, but the company put substantial chunks of its non-cores assets for sale a few years ago. Saturn had previously purchased the what they call their “Oxbow asset” from Crescent Point.
Through the Viking acquisition, Saturn said it will “acquire approximately 4,000 boepd (~98 per cent light oil and liquids) of high cash flow netback production and over 140 net sections of land, strategically positioned in the Viking fairway, which boasts one of the most attractive light oil resource plays in North America highlighted by payouts on newly drilled wells of approximately seven months based on a WTI oil price of US$95/bbl.”
The Viking acquisition bolsters Saturn’s existing Viking light oil asset in west-central Saskatchewan while complementing its core growth asset in Southeast Saskatchewan which targets the Frobisher and Midale (referred to as the “Oxbow asset”), further building size and scale for the company’s growing operations in Saskatchewan.
Transaction highlights
• Expands Existing Core Production Area: Significantly expands Saturn’s production base in its existing core production area in west-central Saskatchewan while also providing an operational fit and expertise with proforma production at the closing date forecast to be approximately 11,400 boepd1, an increase of approximately 52 per cent over Q1 2022 volumes;
• Highly accretive on a per share basis: The Viking acquisition increases Saturn’s 2022 adjusted funds flow2 (AFF) guidance by 18 per cent to $2.92 per weighted average share over previous guidance of $2.48. With a full 12 month impact of the Viking acquisition, the 2023 forecast adjusted funds flow is $223 million which equates to $3.98 per basic share.
• Doubles Saturn’s Land Position and Increases Viking Drilling Inventory by 250 per cent: Brings 186 gross (146 net) sections with high working interest (79 per cent average) in a coveted region of the Viking oil fairway. Adds 138 (gross) booked Viking drilling locations which are anticipated to deliver paybacks of seven months based on a WTI oil price of US$95/bbl
and provide sustainable production for over a decade;
• Generates high cash flow at various commodity price levels: Strong corporate netbacks can be realized down to $50 Edmonton light oil prices, underpinning the generation of substantial free cash flow that can be directed to reducing debt levels and funding near-term organic growth which, given available infrastructure, will serve to reduce per boe operating costs.
• Provides robust corporate netbacks: Viking acquisition is forecasted to reduce Saturn’s corporate royalty rate from approximately 15 per cent down to 12 per cent, and decrease operating costs per boe by 16 per cent, which will enhance corporate netbacks. Saturn expects to realize further cost savings across transportation, labour and treating costs with the addition of treating capabilities afforded by the Viking acquisition.
• Increased Size and Scale: Expansion of the production base is expected to enable Saturn to capture operating efficiencies and realize high facility utilization (currently operating at <60 per cent utilization) which can result in fixed and variable costs being allocated over larger per unit volumes of production.
Attractive acquisition Metrics:
“This significant transaction represents yet another critical milestone for Saturn as we execute our strategy of building a scalable portfolio of free cash flow generating assets that support both near and longer-term development, while also diversifying our production exposure across multiple highly economic plays to enhance our sustainability,” said John Jeffrey, CEO of Saturn, in a release. “This Viking acquisition allows Saturn to bring proven expertise in the efficient and responsible development of Viking light oil plays and benefit from additional size and scale to further improve our already low-cost structure and streamlined operations. Upon closing of the Viking acquisition, we forecast run rate production volumes of approximately 11,400 boepd (96 per cent crude oil and NGL)1, positioning Saturn to generate strong free cash flow which can be directed to debt repayment and future growth opportunities that can enhance shareholder returns.”
The Viking acquisition will be funded through proceeds from an increase of $200 million to its existing senior secured term loan and a bought-deal subscription receipt financing for aggregate gross proceeds of $65.0 million.
Strategic benefits
The Viking acquisition is consistent with Saturn’s strategy to become a premier, publicly traded light oil producer through the acquisition and development of undervalued, low-risk opportunities that support building a strong portfolio of cash flowing assets offering strategic development upside.
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The company said this provide Diversified Play Exposure which enhances sustainability. It Improves the balance of production between the company’s core Oxbow asset and Viking asset. The Viking asset previously comprised 6 per cent of total production and with the addition of the Viking acquisition, the Viking will now represent approximately 35 per cent of overall production, diversifying our asset concentration. It provides stable production with minimal maintenance capital. The company forecasts keeping Viking production flat at ~4,500 boepd by drilling 35 to 40 wells per year generating free funds flow2 of over $85 million per year with potential for growth. Saturn said base production is easily replaced year-over-year due to stable long-life assets and production optimization underpinning recent drilling.
Saturn found compelling economics with enhanced financial flexibility – Robust AFF generation is driven by attractive half cycle economics with IRRs over 200 per cent while exceptional netbacks support payouts of approximately seven months. Reserve type curve forecasts remain robust with area break even on Edmonton Light prices down to as low as ~$50/bbl[8]. The Viking acquisition is expected to strengthen Saturn’s risk management portfolio, allowing the company to significantly improve its average realized price of hedged oil and obtain greater upside exposure in a strong price environment.
The company noted a low proportion of booked inventory and conservative type curves on the Viking acquisition assets present opportunities to leverage extended reach horizontal wells, pursue exploitation of the Upper Viking and implement production optimization and waterflood.
It also provides flexible marketing arrangements and improved hedge book. Saturn noted that crude produced in the area is sold on the Mid-Sask pipeline at Kerrobert, while gas is marketed under one year gas sales contracts. Saturn also realizes benefits to its hedge book as existing out-of-the-money hedges become significantly diluted through the Viking acquisition, and allow the company to capture more of the upside of the current strong price environment.
Owned infrastructure allows for minimal spend
with support for growth supported by sufficient egress in the area while significant processing capacity is available across the field with four operated oil batteries having over 12,000 bbl/d of capacity, two LACT pumps and gas sales connections with 3rd party gas plants in area.
The area benefits from responsibly deployed capital directed to abandonment and reclamation programs with limited inactive liabilities and a strong limited liability rating (LLR) of 3.50, Saturn said Go forward emissions reduction potential is possible through tiein points in Hershel and Plato for gas sales, gas injection potential based on modelling results, and bitcoin and power generation with produced gas.
Pro-forma numbers are based on pricing assumptions of: a WTI price of US$95/bbl for 2022 and US$90/bbl for 2023; an MSW/WTI differential of USD 4.00/bbl; an AECO price of $5.00/GJ; and a USD/CAD exchange rate of $1.25.
Combined, over 18 months post close, Saturn’s aggregate guidance includes capital spend of $155 million, production growth of 25 per cent and adjusted funds flow of $329 million2, resulting in free funds flow of $174 million.
Three-year plan
On the back of the transformational Viking acquisition, the company intends to initiate an inaugural three-year plan focused on free funds flow growth, payout of debt, ARO discipline, leveraging strong relationships with key stakeholders, positioning Saturn to offer greater institutional appeal, improved liquidity, and the potential for future inclusion in key indices.
Highlights of the three-year strategic plan, based on the assumptions set forth above and management’s expectations (including lender and board approvals) include:
• $100 million in capital expenditures per year ($355 million over the life of the plan, inclusive of H2/22).
• Rapid near-term average production growth of 25 per cent from closing of the Viking acquisition to the end of 2023, underpinning a 2025 production target of ~15,000 boepd.
• Beyond our guidance period of H2/22 (US$95
WTI) and 2023 (USD 90 WTI), our base case assumptions include a flat oil price of US$85 in 2024 and 2025.
• Over the next 3.6 years, we anticipate generation of up to $860 million of funds flow2, inclusive of $106 million in H2/22, which in turn generates over $500 million of free adjusted funds flow2.
• If Saturn elected to apply all excess free cash flow to debt reduction, the company would have the ability to be debt free in Q4/2024, and to exit 2025 with approximately $200 million in cash on our balance sheet.
• 10 years of drilling inventory expected to remain in 2025.
• Continue our strong commitment to environmental, social and governance principles, including meeting our ARO obligations.
Bought Deal Equity Financing
In concert with signing the definitive agreement for the Viking acquisition, Saturn has entered into an agreement with syndicate of underwriters co-led by Canaccord Genuity Corp. and Eight Capital to issue and sell, approximately 23.6 million subscription receipts on a bought deal basis
Senior Secured Term Loan
Saturn expects to enter an amended and restated senior secured loan agreement with its U.S. based institutional lender to provide addition loan proceeds of $200 million. The loan will bear interest at a rate of CDOR + 11.5 per cent and will amortize over three years, with 50 per cent repayable in the first year, 30 per cent in the second year and 20 per cent in the final year. Based on forecast production rates and hedged commodity prices, Saturn anticipates repaying the loan in full well in advance of its scheduled amortization payments. Execution of the further amendment is subject to the execution of mutually acceptable credit documentation giving effect to the terms provided in the commitment letter, and the satisfaction of the other customary conditions to closing, including the satisfaction of all conditions to the completion of the Viking acquisition.
Fox betting big on Brady as broadcaster
BY BRUCE PENTON
Sports Columnist
Sports fans know with certainty that Tom Brady can do amazing things with a football, especially throwing them for touchdowns while monstrous men are racing after him trying to crush every bone in his body.
We don’t know, however, how he would describe such a play while sitting in a press box high above the field, telling North American sports fans just what transpired, and why. But Fox Sports is willing to wait for Brady to retire from active National Football League duty and then pay him a whopping $375 million over 10 years to do just that.
Welcome to the most recent instalment of The Crazy World of TV Sports.
The extreme goofiness began a couple of years ago when CBS executives became infatuated with Tony Romo’s ability to foretell what was going to happen on the football field, and to explain it in excited and precise detail to viewers. They showered him with a $17.5 million annual salary to sit beside play-by-play man Jim Nantz and do just
that for 18 weeks in a year.
Other big names followed. Joe Buck and Troy Aikman left Fox for ESPN’s Monday Night Football at around $15-$17 million per year. Al Michaels left NBC for Amazon, where he will do play-by-play of Thursday night games for $15 million or so a year.
But back to Brady. Sports fans know nothing about his broadcasting ability, but Fox Sports is on the hook for $375 million so they’ll make sure he gets the best coaching. If he emerges as a dud in the booth, some Fox executive will get fired.
Sports broadcasting is undergoing radical shifts everywhere. In Canada, the old boys’ club — Gallivan, Hewitt, Hodge, McLean, Cherry, Hughson et al — has given way to a more diversified group. Tune in to an NHL game this spring and you might see Jennifer Botterill, Caroline Cameron, Leah Hextall, Cassie Campbell-Pascal or Meaghan Mikkelson describing to fans what they’ve been watching. Diversity has not been limited to gender, either. One of the freshest voices on hockey broadcasts in the last couple years has been Harnarayan Singh, who calls a clear,
precise and informed game on Sportsnet.
One thing the Canadian hockey broadcasters do not have in common with their richly paid cousins in the U.S. is salary. Canadian veterans such as Chris Cuthbert, Elliotte Friedman, David Amber and Ron MacLean command handsome salaries, likely in the half million to million-dollar range, but their paycheques are minuscule compared to the ridiculous salaries paid to the superstar broadcasters in the U.S.
Theoretically, big-name broadcasters are hired to increase viewership, which leads to higher ratings which in turn command more lucrative advertising revenues. But if you believe Tom Brady can generate an additional $375 million for Fox Sports over 10 years, I’ve got a deflated football
to sell you for that exact amount.
• Dwight Perry of the Seattle Tines: “San Francisco rookie righty Sean Hjelle, who made his major league debut May 6, stands 6 feet 11. Well, they are the Giants.”
• RJ Currie of sportsdeke.com, after the New York Post questioned why the NFL so often fails to address ‘crass, uncouth social-media behaviour’ by players: “I’m thinking we can rule out lack of evidence.”
• Headline at theonion. com: “Embarrassed Man Frantically Clears Search History After Googling Jets’ Playoff Chances”
• Columnist Norman Chad, on Twitter: “Was in a Philadelphia supermarket on Saturday.Bumped into Joel Embiid in the produce aisle. Store manager called it a Flagrant 1 and awarded Embiid two free avocados.”
• Mike Bianchi of the Orlando Sentinel: “The good news: New Dolphins receiver Tyreek Hill says Tua Tagovailoa throws ‘one of the prettiest balls I’ve ever caught.’ The bad news: He’s catching them on the second hop.”
• RJ Currie again: “At the French open, Norwegian Casper Ruud defeated
Finland’s Emil Ruusuvuori in straight sets. Put simply: U2 beat U4.”
• Headline at ESPN.com, on Luka Doncic’s one-man show against the Warriors: “Mavs are in a lone-star state.”
• Another one from Dwight Perry: “MLB teams will be allowed to carry a maximum of 14 pitchers on their roster through June 19. ‘Is there a minimum?’ asked the Cincinnati Reds, they of the 5.69 team ERA.”
• Kevin Millar during a Red Sox game on NESNTV, on all the shin guards, elbow pads and the like worn by today’s hitters: “If you’re a first-base coach you need a wheelbarrow these days.”
• Janice Hough of leftcoastsportsbabe.com, on Mito Pereira losing a oneshot lead on the final hole of the PGA Championship when he hit in the water, and then double-bogeyed to miss the playoff: “Didn’t we see this in a movie featuring Kevin Costner?”
• Vancouver comedy guy Torben Rolfsen: “John Daly missed the cut at the PGA Championship. He had to get back to his other gig as a mall Santa.”
Care to comment? Email brucepenton2003@yahoo.ca
| PHOTOS BY KATE WINQUIST
Classifieds
COMING EVENTS
West Central Crisis Centre AGM, Wednesday, June 15 at Safety Evolution (114 Main Street, Kindersley) 7:00 pm. Public is welcome.
West Central Abilities Inc. AGM Thursday, June 23 at 1001 - 7th Avenue West 11:30 am.
SATURDAY HOTDOGS ARE BACK!
The Eston Museum will be holding hotdog sales again this summer! Please note that the LOCATION has been changed. Hotdog sales will be held AT THE MUSEUM Please come out and enjoy a hotdog lunch on Saturdays from 11:00 to 1:00. Sit at our picnic tables and visit with friends! Starting date is June 18. (We also have a table in the Community Garage sale.) Hotdog sales will be held every Saturday until the end of August at the Museum in Eston.
CONDO FOR SALE
Condo in CALEB VILLAGE, Kindersley. Prime ground floor 2 bedroom condo, windows facing three directions with a great view. Open design living room, dining area and Kitchen, 9 foot ceilings and very bright throughout! Walk-in closet in main bedroom, good size second bedroom with closet, nice size bathroom and entrance side closet. Outdoor ground level balcony facing beautiful outdoor grass grounds and Gazebo area, locker area upstairs above condo, furniture is optional. Contact Allan at 306-962-7996.
HELP WANTED FOREFRONT INSURANCE is hiring office & remote brokers & marketing/support brokers. Hybrid Schedules, Commission, & Equity opportunities. Contact Michael 403-501-8013 / mhollinda@excelrisk. ca
102 Canola Cres. Cut Knife, SK S0M 0N0 306-398-4717
rosecitymemorials@sasktel.net www.rosecitymemorials.com
102 Canola Cres. Cut Knife, SK Check out our new website www.rosecitymemorials.com
enjoyment.”; 9. Six; 10. “One Flew Over the Cuckoo’s Nest”
ARIES (March 21 to April 19) A recent spate of confusion regarding decision-making begins to clear up. But caution is still advised. Continue to check details. An old friend has important news.
TAURUS (April 20 to May 20) You’re anxious to see your ideas move from concept to development. But trying to force the issue right now could backfire. Wait for movement to resume shortly.
GEMINI (May 21 to June 20) Keep your thoughts focused on the positive as you deal with an unexpected turn of events in a personal or professional relationship. This could be the start of a welcome change.
CANCER (June 21 to July 22) Health matters take on added importance at this time. Deal with them before they interfere with your summer plans. A relationship that cooled off could soon warm up again.
LEO (July 23 to August 22) While a few details involving upcoming decisions still need your attention, you fun-loving Felines can begin to spend more time enjoying your lively social life again.
VIRGO (August 23 to September 22) That long-sought-after career change could require you to move to another city. Weigh your decision carefully before either accepting or rejecting the offer out of hand.
LIBRA (September 23 to October 22) A workplace situation can be awkward for Librans who prefer to keep their problems private. But you might have to “tell-all” if you hope to see it resolved in your favor.
SCORPIO (October 23 to November 21) Although your financial situation starts to improve this week, you still need to be cautious about money matters. Avoid major obligations, for now.
SAGITTARIUS (November 22 to December 21) Your overall aspects continue to brighten, allowing you to tackle long-deferred challenges. A change in travel plans could work to your benefit.
CAPRICORN (December 22 to January 19) Things seem to be slowing down for the usually restless Sea Goat. But wouldn’t a bit of respite be just what you need right now? Activity picks up by the weekend.
1. TELEVISION: Luke’s Diner is a prominent feature in which 2000s TV show?
2. MUSIC: When did The Archies’ “Sugar Sugar” hit the No. 1 spot?
3. ANIMAL KINGDOM: What does the Greek translation of rhinoceros mean?
4. MOVIES: Which movie features the song “Raindrops Keep Fallin’ on My Head”?
5. LANGUAGE: What is the American English equivalent of the British English phrase “drawing pin”?
6. U.S. STATES: Which state’s nickname is the Yellowhammer State?
7. HISTORY: Who is believed to be the first to draw a world map, in 6th century BC?
8. AD SLOGANS: Which company advertised its product with the one-word description “Fahrvergnugen”?
9. GEOGRAPHY: How many states are in Australia?
10. LITERATURE: Which 20th-century novel starts with the line, “They’re out there”? © 2022 King Features Synd., Inc.
AQUARIUS (January 20 to February 18) Personal relationships take a positive turn for both married and single Aquarians. Professional commitments, however, could be complicated by newly emerging events.
PISCES (February 19 to March 20) A decision you thought was final might be reopened as new facts are discovered. This could lead to a short-term problem, but ultimately might prove beneficial.
BORN THIS WEEK: Your keen interest in pursuing global events could lead you into a career as a politician or journalist.
(c) 2022 King Features Synd., Inc.
Trivia Test Answerst
1. “The Gilmore Girls”; 2. 1969; 3. Horned nose; 4. “Butch Cassidy and the Sundance Kid”; 5. Thumb tack; 6. Alabama; 7. Greek academic Anaximander; 8. Volkswagen. It’s
German for “driving
Is your canola stand on target?
By Jason Casselman
Canola success starts with a uniform stand of five to eight plants per square foot. Canola counts at the two- to four-leaf stage provide a check up on the seeding operation and if canola is on track to achieve its full yield potential.
How to count
Take a few counts across the field to come up with an average plant density for that field. Two counting options are:
Hula hoop. The hoop toss adds randomness to the count. A hoop with an inside diameter of 19″ covers two square feet. Count the number of plants inside the hoop and divide by two to get plants per square foot.
Metre stick. Count the seedlings per metre of row. Multiply the count by 100 then divide by the row spacing in cm to get plants per square metre. Divide by 10 for an approximate conversion to plants per square foot.
Citizen science – Canola Counts
The Canola Council of Canada (CCC) is running its Canola Counts citizen science project again in 2022. We would like farm families, agronomists and crop scouts to count canola plants at the two- to four-leaf stage and enter results at canolacounts.ca. People can enter as many fields as they want. The program provides a summary email for each entry, and participants can review Canola Counts maps at the end of the season to compare their fields to regional averages. The CCC uses the data to compare typical canola populations by region. If the farm uses drone or satellite imagery, the plant count process is a great opportunity to ground-truth different areas of the field that might be indicating different levels of biomass or range in the vegetation index.
Common causes for low counts
Boots on the ground to count and groundtruth give growers and agronomists clues to lower-than-expected results. Causes for missing or weakened plants can include:
• Dry seedbed. With limited seedbed moisture, canola seeds may not germinate or seedlings may dry up shortly after germination.
• Excess moisture. Flooded soils can stop root function and kill canola seedlings within days.
• Crusting. Rain after seeding can cause the topsoil to crust, which stops emergence.
• Frost damage. Dried up seedlings may be difficult to find a few days after a frost.
• Wind. Strong winds can shear off canola seedlings or blow away topsoil and seed.
• Fertilizer toxicity. Mortality from seed-placed fertilizer tends to be higher if seeding equipment has low seed bed utilization and soils are dry.
• Seedling disease. Risk increases for canola seeded too deep into cool, moist soils.
• Insect damage. Cutworms and flea beetles can remove a lot of seedlings before anyone notices they’re gone.
• Seed rate. Without calibrating for seed size and target stands, plant populations can be lower than expected.
• Seeding depth. Deep seeding can reduce emergence rates and increase seedling disease. Shallow seeding can also reduce emergence, especially in dry conditions.
• Seeder issues. Repeatable patterns in rows or sections usually suggest a mechanical issue with the seeding tool.
Canola stand establishment is an essential step in profitable canola production. By scouting at the two- to four-leaf stage to count plants, growers and agronomists can identify problems that could be fixed immediately – like insect feeding or reseeding – and establishment
problems that could be improved with a new plan for next year.
For more details, read “Evaluating the stand” in the Plant Establishment section at canolaencyclopedia.ca and “Plant populations: How to count? Why low?” at canolawatch.org/fundamentals. While there, please sign up to receive our free Canola Watch agronomy emails.
–Jason Casselman is an agronomy specialist and plant establishment lead with the Canola Council of Canada. Email casselmanj@canolacouncil.org.
Growers, agronomists and anyone else can use the data-entry tool at CanolaCounts.ca to participate in the Canola Council of Canada’s citizen science project on plant populations in canola fields across the Prairies.
Independent Grain and Special Crops Market Analysis
6:30 Breakfast
Bredy’s Country Store
Dale and Joanne cooked a great breakfast.
Twenty years later, they still do.
I was the youngest regular there by about ten years.
The others were my father’s age or older.
Maurice, Gary, Ed, Dave, Jerry. Ken, Peters, Mike and Toby, to name a few.
They were more than happy to share wisdom with a young guy. It was an excellent opportunity to listen.
Often, I would not get the message until later that day or week.
Mike bought and sold feed grain.
He would entertain me by asking what feed barley was doing.
One day he asked me, “Up a dollar or down a dollar?”
That stuck with me and has become more relevant as time goes on.
Watching the markets consists of a whole lot of nothing.
The markets are generally dull, moving sideways through notrade zones or trending in one direction.
Unless you are a short-term trader, the daily price action’s wiggles and squiggles are irrelevant.
It is essential to know your timeframe.
Are you day-trading futures or a producer with a longer-term timeframe?
One strategy is to identify the levels of possible support, resistance, and trend change in advance.
Alerts can then be created for prices approaching these levels of interest.
These alerts free up the reader’s time and headspace for tasks they enjoy and can control.
Remember.
The markets are boring. Most of the time.
Notice how, following Durum wheat’s dramatic 20% drop in February, the price has moved sideways in a tight range for the
past three months.
The chart also shows how the 10-, 20- and 50- Day Moving Averages have caught up to the price, recently rising with the recent advance in the Durum price. Markets are boring. Most of the time.
https://www.klarenbach.ca/
Trent Klarenbach, BSA AgEc, publishes the Klarenbach Grain Report and the Klarenbach Special Crops Report, which can be read at
Professional Directory
ALSASK
Saturday, June 11
• Alsask Community Annual Life-Size Fooseball. To enter a team or for more information contact Sara 306-460-4303 or sarawilke@sasktel.net
Saturday, September 3
• Beer Olympics 3.0. Theme: Anything But A Human. For mor infomation contact Emily 306-4308084 or Katina 306-430-1102 by text.
COLEVILLE
Saturday, June 11
• Coleville Town Wide Garage Sale 11:00 am4:00 pm. No early birds please.
DENZIL
Saturday & Sunday, June 18 & 19
• Denzil & District Rec Board presents Denzil Community Days. Sports Grounds and Booth open at 11:00 am each day. Bones Tournament, Antque Tractor Pulls, Kids Pedal Tractor Races, Ladies Lawn Mower Races, Kids Carnival & Bouncy Castles, Parade (Sunday at 11 am), Antique Ice Cream Machine. Call Jordan 306-753-9273 or Greg 306-753-7250 for more information.
DODSLAND
June 8, 15, 22
• Dodsland Museum will be open from 1:30-4:30 pm.
Saturday, June 11
• Dodsland Sports Day
• Dodsland Museum open
EATONIA
Friday, June 17
• Prairie Oasis Fitness Club presents An Evening With Mitch Larock 5:00 pm Eatonia Community Hall. Beer Gardens and BBQ. Silver collection at the gate.
Friday, Saturday & Sunday, July 1-3
• Eatonia Centennial (1920-2020). Visit eatonia2020.com for information and to purchase tickets.
Saturday, July 2
• Show & Shine 11:30 am - 4:00 pm Main Street. Prizes & Trophies. $15 entry fee. For more information call 306-460-7767.
LUSELAND
Saturday, June 11
• Luseland School 2022 Graduation Parade 3:00 pm Grand Avenue, Luseland
• Community BBQ at Bell Acres Golf & Country Club 11:00 am - 2:00 pm. Burger $6; Hot Dog $3; Pop $2; Alcohol $5. Net profits from food and non-alcoholic drinks go to Minor Ball.
Thursday, June 30 & Saturday, July 1
• Luseland Canada Day Celebrations and SloPitch Tournament. Preparations are underway, details to come.
Ongoing
• Library Storybook Trail
• Kerrobert Golf Course - Men’s Night is Thursdays
• Kerrobert Golf Course - Ladies Night is Tuesdays
Thursday, June 23
• Kerrobert Courthouse Time Capsule Opening in the courtyard. BBQ at 5:00 pm before moving into the courthouse foyer for the opening at 7:00 pm.
Friday, June 24
• Kerrobert Oilmen’s Golf Tournament
Thursday, June 30
• KCS Graduation
July 8-10
• Kerrobert Rodeo
October 1
• Fall Market
November 3-5
• Prairieland Players Dinner Theatre
November 26
• Winter Market December 2
• Town Christmas Party
KINDERSLEY
Wednesday, June 15
• West Central Crisis Centre Annual AGM 7:00 pm at Safety Evolution (114 Main Street). Public is welcome.
Thursday, June 16 & Friday, June 17
• WCBL game between Edmonton Prospects vs Moose Jaw Miller Express 7:05 pm at Berard Field. 2-day Kids Camp (both days) 4:30-6:00 pm $50. Includes an Edmonto hat and shirt along with 3 hours of camp time and tickets to both games. Register at Kindersley Minor Ball.
Saturday, June 18
• Kindersley Klippers present Banger Bingo at the Co-op Rink. Cocktails 5:00 pm, Supper 6:00 pm. $400/table of 8. RSVP email: klippersmarketing@gmail.com
Monday, June 20
• Kindersley Iron Horse Jr Klippers AGM 7:00 pm. Meeting room at the WCEC.
Thursday, June 23
• Kindersley Legion Branch #57 Steak & Baked Potato Supper. Only 90 seats will be sold. Call/Text Jeannie Bylo 306-741-9689 to book a ticket.
• West Central Abilities Inc. AGM at 10017th Avenue West 11:30 am.
Saturday, July 9
• Kindersley Flatlanders Speedway 2:00 pm Hobby Stock, Street Stock, Stock Trucks. $10 admission
September 22, 23. 24 and 25
• Goose Festival Days!
Saturday, September 24
• Kindersley Flatlanders Speedway 3:00 pm
Hobby Stock Invitational, Legends Touring Series, Wingless Sprints, Street Stock, Truck Stock. $10 admission.
Sunday, September 25
• Kindersley Flatlanders Speedway 1:00 pm
Hobby Stock Invitational, Legions Touring Series, Wingless Sprints, Street Stock, Truck Stock. $10 admission.
* Kindersley Clay Busters Trap Shooting every Wednesday (6:30 pm) and Sunday (2:00 pm) at the Kindersley Wildlife Federation Range. Your first round is on us, each round after that is $5. Contact Jeff Vass 306-4605373 for more info.
MACKLIN
Friday, June 10
• Macklin & District Health Foundation 18th Annual Charity Golf Tournament. To register, pick up a registration form from Macklin Golf Clubhouse, phone 306-753-2185 or email darlenekidd5@gmail,com.
Friday, Saturday & Sunday, June 10, 11 & 12
• Macklin Sports Days
July 29, 30 & 31
• World Bunnock Championship is Back! The game of bones is for everyone. Keep watching for more details.
* Macklin Kinette Club meet the 2nd Monday of the month 7:30 pm in the Kinsmen Room at the Credit Union Legacy Centre.
MAJOR
Ongoing
• Major Play Pals Pre-School Bottle Fundraiser from June 1 to September 30. All funds will be put back into our pre-school program. Call Megan 780-237-8077 or Bailey 403-700-7145 to make arrangements for pick up.
• Major Play Pals Pre-School is seeking toy donations. Please ensure your donations are clean, in good working order, not missing pieces and appropriate for ages 3 to 5. Call Megan 780-2378077 or Bailey 403-700-7145 to make arrangements for pick up.
Saturday, June 18
• Major Redneck Father’s Day Family Shindig. BBQ at 5:00 pm. Ball Diamonds. Come for an evening of Burgers, Bones, Ball, Beer and Beach Volleyball. Kid’s events, too!
PLENTY
Wednesday, June 15
• BBQ at Plenty Coffee Shop 11:30 am - 1:00 pm. $10 for a burger or hot dog, pie and drink. Text or phone 306-932-7018 to pre-order.