RE:RecommendationA few more details on SDE. GLTA
As a result of its reorganization, SDE has less production and is obviously a much smaller company. But it has also been 're-set' and is leaner. With existing management, we think it still has a good future and It expects more than 50,000 b/d of production by year end. While not 'cheap' based on 2024 cash flow projections, we think it may grow faster with some acquisitions.