stockfy wrote:
If you look for debt-free low-risk energy companies amid a bunch of indebted firms, see new and unknown Spartan Delta (SDE) before it becomes popular.
SDE is natural-gas weighted while producing about 30,000 boepd (70% gas, all sold at AECO prices).
Currently, SDE is debt-free with surplus of C$35 million.
Proforma yesterday's deals, SDE produces 36,000 boepd while also remaining debt-free with a significant surplus of CAD$54 million by the end of 2021, based on the latest guidance below:
https://www.globenewswire.com/news-release/2021/02/16/2176560/0/en/Spartan-Delta-Corp-Announces-Three-Strategic-Acquisitions-and-80-0-Million-Financing.html
So debt-free SDE must have the strongest balance sheet while being the most undervalued Canadian nat gas weighted producer because SDE currently trades less than C$10,000 per boepd and just about 2 times its annual cash flow.
Insiders own about 26%.
SDE's management team has an impeccable pedigree with very high returns from their previous 3 companies, Spartan Exploration, Spartan Oil, Spartan Energy sold to VET.
AECO will also remain very strong in the next weeks and months.
My two cents.