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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 TerribleEngon Apr 12, 2023 8:49pm
254 Views
Post# 35391886

RE:RE:RE:RE:Insiders filling their pockets

RE:RE:RE:RE:Insiders filling their pocketsBecause you are misrepresenting the facts.

You are getting $9.60 in cash, a $0.35 share, a warrant with an implied value of zero if the assets were fairly valued and the deep basin. There is no way the deep basin assets are worth $8. That's a $1.5B EV for the deep basin assets. That's 20% more than Advantage. No one is saying the deal with CPG is bad. Everyone across the board is very positive on that. All the analysts are pumping this stock. It's the Logan financing component that is a raw deal for shareholders. 
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