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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

Comment by fauxtomatoon Jun 26, 2021 8:49am
151 Views
Post# 33455660

RE:Simple Question.... Buy More at these levels??

RE:Simple Question.... Buy More at these levels??The capital program (ex-M&A) is heavily weighted towards the end of the year, I think something like $80M/$100M will be spent in the second half. With the addition of those 4 new Montney wells plus some full quarters of the legacy Inception / Cequence production the netbacks should be healthy in the coming quarters, especially at these prices.

I think what's missing from SDE is a track record and that's being established now. There's not much volume and they're on the TSXV, so I think it'll take patience yet. 

Still holding onto my shares: can't think of another E&P with cash on the balance sheet, generating FCF this year, 100% AECO and significant growth from current acreage.
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