Natural Gas: HWX, CDH, SDEHWX acquired debt-free CDH and CDH got a good premium thanks to its pristine debt-free cash-rich balance sheet. Here is another debt-free natural gas weighted producer. See new and unknown
Spartan Delta (SDE).
SDE announced another excellent deal yesterday and new guidance for 2021.
SDE currently produces 30,000 boepd (70% gas) while being debt-free with surplus of CAD$35 million.
Proforma yesterday's deals, SDE will produce 36,000 boepd (70% gas) while remaining 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
So debt-free SDE must have the strongest balance sheet while being the most undervalued Canadian nat gas weighted producer trading less than C$10,000 per boepd and just 2.5 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.
Just an idea if you like grossly undervalued underfollowed energy names.