RE:RE:RE:Very SurprisedSlow and steady wins the race. market is thinking like McCrea, that will change with a few more wells
Mr. McCrea says in a note: "Spartan posted a strong operating quarter having completed two material consolidation transactions in the period. As the company steps into full-scale Montney development we still maintain our more cautious stance on the shares but do credit the company with the strong early results shown in the latest month's GeoSCOUT data. If the company can continue to deliver well results like this (i.e., 900+ bbls/d IP30 rates with the recent pad) while continuing to pay down debt, less risk in the business should translate into a higher share price. Overall, while still in the early innings in terms of proving up its Montney portfolio, the strong quarter and well results are heading in the right direction." The Globe reported on June 6, 2020, that Raymond James analyst Jeremy McCrea began coverage of Spartan Delta with an "outperform" rating and $5 share target. It was then worth $3.50.