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Spartan Delta Corp T.SDE

Alternate Symbol(s):  DALXF

Energy Advertising Agencies Oil & Gas E&P
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

Spartan Delta Corp > Insiders filling their pockets
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Comment by Fyordianon Apr 12, 2023 10:46pm
247 Views
Post# 35391996

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

RE:RE:RE:RE:RE:Insiders filling their pocketsDid you even read the presentation?
NPV10 TP = $1.3b
NPV10 TPP = $2b
Range $1.3-2b

Peer transactions:
Boepd = 40,000
Price per boepd = $37,000
EV = $1.48b

You can value this transaction any number of ways, you'll keep coming up with ~$1.5b

The Logan deal isn't bad, it's just harder to understand without production numbers. About half of the engineering team is moving over to Logan and the former VP Eng is the Logan COO. A more realistic Logan NPV10 would be $200-300m + $100m cash / 440m shares isn't too bad.
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