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Spartan Delta Corp T.SDE

Alternate Symbol(s):  DALXF

Spartan Delta Corp. is a Canada-based energy company. The Company is engaged in exploration, development and production of crude oil and natural gas properties in western Canada. The Company has a portfolio of production and development opportunities in the Deep Basin and the Duvernay. It is focused on the execution of the Company’s organic drilling program in the Deep Basin, delivering operational synergies. It is also focused on growing and developing its Duvernay asset.


TSX:SDE - Post by User

Post by stockfyon Feb 17, 2021 12:02pm
176 Views
Post# 32585032

SDE at 36K boepd (70% gas) & AECO at C$5.03 yesterday!

SDE at 36K boepd (70% gas) & AECO at C$5.03 yesterday!Based on yesterday's deals, debt-free SDE goes from the current production of 30,000 boepd to 36,000 boepd:

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


And AECO is up again today:

https://www.psac.ca/business/marketstats/


Thanks also to the freeze, AECO will remain high in the next weeks, according to the latest reports.

Specifically, realtime inventories in the U.S. dropped below 2000 BCF yesterday, 11 days earlier than the 5-yr avg (Feb 28).

As a result, the storage deficit in the U.S. versus the 5-yr avg dropped to -100 BCF while the year-over-year deficit has reached -250 BCF. 

Also, production numbers for Tuesday in the U.S. also got revised down to 80.8 BCF/d, down more than 10 BCF/d from recent highs & off a massive 12.8 BCF/d from 2020.


 
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