SDE: The Strongest Balance Sheet & the Lowest Key Metrics Debt-free SDE must have the strongest balance sheet while being the most undervalued Canadian nat gas weighted producer.
Specifically, SDE currently is debt-free with surplus of C$35 million.
Proforma yesterday's deals, SDE will remain debt-free by the end of 2021 with a significant surplus of CAD$54 million, 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
Proforma the latest deals, it trades less than C$10,000 per boepd and just 2.5 times its annual cash flow. Dirt-cheap.
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.