Bullboard - Stock Discussion Forum Spartan Delta Corp T.SDE

Alternate Symbol(s): DALXF

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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... see more

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Spartan Delta Corp > Debt-Free Grossly Undervalued SDE: Disgusting Manipulation

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Post by stockfy on Jul 23, 2021 5:25am

Debt-Free Grossly Undervalued SDE: Disgusting Manipulation

Oil was up once again yesterday.

Nat gas was up too making new highs, so SDE's cash flow has been boosted since Q1 while Q3 and Q4 will be very strong too, based on production of 40,000 boepd (with about 70% natural gas).

Nevertheless, some dumped once again a few shares few minutes before market close, so SDE closed at $5.01.

Total volume was just 28,000 shares yesterday.

I said it before and I say it again.

The manipulation on SDE's stock price over the last months is disgusting.

SDE has the strongest balance sheet with zero debt and cash among all the nat gas names but it has the lowest key metrics trading just C$14,000 per flowing barrel and 3 times its annual cash flow.

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