LoneWolf3579 alias: His Shocking Statements & the SURPLUS!LoneWolf3579 alias does not know how to read a balance sheet.
He also does not even know what SURPLUS is.
He also confuses the recent financing (placement with new shares) with the debt.
I bet he does not even know what a balance sheet is.
So he has the recipe for disaster.
Nevertheless, he is an investor (!!!).
LoneWolf3579 alias even claimed in another ugly comment full of profanity that
Spartan Delta (SDE) has debt and borrowed money to make an acquisition, see his comment below:
LoneWolf3579 wrote: And Stockly is not only a moron but a liar this so called company of "biblical proportions" is not debt free it has $60million of debt and has just signed for another $70 million debt to make an acquisition in Feb. Go pump and dump somewhere else MORON. Btw dont waste your time you are on ignore so I want see your useless reply
Here are the facts about SDE.
SDE clearly notes in the corporate press release that SDE has
SURPLUS in January 2021 (pre-acquisitions), in February 2021 (pre-acquisitions) and post-acquisitions, link below: https://www.globenewswire.com/news-release/2021/02/16/2176560/0/en/Spartan-Delta-Corp-Announces-Three-Strategic-Acquisitions-and-80-0-Million-Financing.html
Revised and Preliminary Corporate Guidance for 2021
| Preliminary 2021 Guidance | Spartan January 2021 Guidance | | Spartan
Pre-Acquisitions | | Spartan
Post-Acquisitions | | %
Diff. |
| Average production (boe/d) | | 29,000-31,000 | | | | 29,000-31,000 | | | | 35,000-37,000 | | | 20 | % |
| % Oil and NGLs | | 30 | % | | | 30 | % | | | 31 | % | | 1 | % |
| Operating Netback ($/boe) | $ | 11.09 | | | $ | 11.27 | | | $ | 11.59 | | | 3 | % |
| Adjusted Funds Flow ($MM) | $ | 93 | | | $ | 96 | | | $ | 122 | | | 27 | % |
| Capital expenditures ($MM) | $ | 43 | | | $ | 43 | | | $ | 101 | | | 135 | % |
| Free Funds Flow ($MM) | $ | 50 | | | $ | 53 | | | $ | 20 | | | (62 | %) |
| Net Debt (Surplus) ($MM) | $ | (35 | ) | | $ | (38 | ) | | $ | (54 | ) | | 42 | % |