Debt-free energy names with cash: SDE TCW is not alone in being debt free with cash. Spartan Delta (SDE) is an underfollowed new nat gas weighted producer with a rock-solid debt-free balance sheet, where the insiders have a lot of skin in the game.
Actually, SDE has the strongest balance sheet among all the nat gas weighted names because it has zero debt and a significant amount of cash while all its peers are indebted.
SDE produces about 40,000 boepd with 70% nat gas.
On top of this, SDE has the lowest key metrics currently trading just C$14,000 per flowing barrel and 3 times its annual cash flow, and therefore it has the biggest upside potential among all the nat gas weighted names.
Do your dd to confirm everything.