Spartan Delta Corp T.SDE

Very Positive Analysts Reviews for SDE

[Westcoastenergy]

In today's Globe and Mail online version:

" Several analysts resumed coverage of Spartan Delta Corp. (

SDE-T +1.83%increase

 

) after coming off research restriction following the close of its recently announced equity financing, in support of accelerated development & value expansion within the Duvernay. They include: Desjardins Securities’ Chris MacCulloch with a $5.25 target, up from $5, and a “buy” rating; ATB Capital Markets’ Patrick O’Rourke with a $4.75 target, up from $4.25 with a “sector perform” rating; Scotia’s Cameron Bean with a $7.50 target from $6 with a “sector outperform” rating; National Bank’s Dan Payne with a $7 target, up from $6, and an “outperform” rating and TD Cown’s Aaron Bilkoski with a $5.50 target and “buy” rating.

 

“The W.G. Duvernay should be one of the most topical plays in the WCSB in 2025,” said Mr. Bilkoski. “It has several well capitalized operators active spending nearly $1-billion of capital in aggregate. While it’s still relatively early, we believe SDE has demonstrated the quality of this oil/condensate rich-play, and its ability to execute. We estimate the potential value of the Duvernay/share dwarfs SDE’s current share price.”