Post by
AliNaimi on Feb 11, 2021 4:48pm
The most undervalued stock with oodles of FCF
SDE mgt. team has an impeccable pedigree with this now being Spartan fourth time around making money for shareholders. How can Spartan Delta trade <$10,000 flowing bbl with asset FCF of >$70 million , no debt and a consolidator. Debt free FCF yields of 30% do not last long once the name becomes familiar with investors. Management will grow the company to over 100,000 BOED over a short period of time delivering sizeable returns to shareholders.
SDE should have participated in AECO meteoric rise as an AECO weighted player but was off the radar and went unnoticed as a new name. Spartan oily past should see an opportunistic oil transaction by way of the balance sheet which is pristine and cash flow positive. ($65 million by YE21)
Comment by
ppp on Feb 12, 2021 10:19am
FCF for 21 is guided at 49.5 mil. I agree very cheap.
Comment by
stockfy on Feb 17, 2021 12:49pm
Debt-free SDE will not continue to trade at CAD$8,500 per boepd and about 2 times its annual cash flow for many weeks. This is insanely low. It will be discovered....
Comment by
retiredcf on Feb 17, 2021 1:14pm
It seems like we're all in agreement. I added more at the open. GLTA