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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 is focused on acquiring a diversified portfolio of assets. It has a portfolio of production and development opportunities in the Deep Basin of Alberta. It is focused on the execution of the Company's organic drilling program, delivering operational synergies.


TSX:SDE - Post by User

Comment by TouchDown12on Apr 16, 2022 9:00am
131 Views
Post# 34607351

RE:RE:National Bank

RE:RE:National BankI saw a spreadsheet where NB changed the EV/DACF from 4x range to 3.5x range - so a 13% cut - but didn't know they cut the Target Price. Anyhow, lots of other firms have TP well over 15+ in the next year. I looked at SDE's March 8 presentation again and all their oil hedges drop off by June 30 - and most of their NG hedges by Spetember 30. So in 5 months all the Velvet inherited bad hedges - but still only 25-30% of their production throughtout that period - roll off. SDE will be debt free by Q4'22 with the strip as it is. What will the TP be then? I bet north of 15. GLTA TD12
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