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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 anticlineon Oct 27, 2023 11:11am
233 Views
Post# 35704069

RE:Assessment

RE:AssessmentI might not know much but SDE seems like one of the most undervalued names in the Canadian junior energy space. Aren't they producing at least 40,000 boe/day, which is half of the previous larger SDE, and yet their share price is much less than half its value? All of this, if memory serves, is in the prime liquids rich Deep Basin real estate that Bellatrix once owned before they showed us how bad management can vaporize capital.

From their presentation SDE indicate that they think the Deep Basin is ripe for consolidation and as Tourmaline has shown they are not alone. I only wish that SDE, who is tightly holding their cards, would give us a nice update on new drilling and or well results.  Eventually, if it follows the management path of before, we will see some niice things happening.
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