Spartan Delta Corp T.SDE

Target changes

[fauxtomato]

     * Spartan Delta Corp SDE.V : Haywood Securities raises target price to C$11 from C$10
     * Spartan Delta Corp SDE.V : Scotiabank raises target price to C$10.5 from C$10

Was able to add at 4.89 today when IB finally resumed trading :\

[Oldnagger]

Wow, this is certainly an interesting stock !!

[Seppelt]

Bought more at 4.75, probably enough but you never know. Hammerhead was mentioned here as the next target. Makes a lot of sense but for now we have to wait for this deal closed, transition to TSX and the 2022 capex. Would like to see the co doing a lot more drilling especially when oil and gas prices stay high. Some of the acquired assets haven't been touched yet. It's too soon to

[fauxtomato]

I added a bunch between 4.70 and 4.90, anticipating the graduation to the big board and digestion of the offering will lead to graduatlly higher prices. They're cheap here, the acquisition of Velvet adds more scale than it does bad hedges, and they'll still generate enough FCF to make the debt a non issue. The reason to own companies with strong balance sheet is for their ability to make

[filefish]

Agree completely. I had sold out a few weeks ago and was reluctant to get back in because of the new debt. Stock price was too tempting , bought back at the end of the day today. Kalantiz is a mover and shaker. Now SDE just needs to consolidate, accelerate drilling and hedge forward new producton. Debt can be paid back in short order. 

[stockfy]

Thanks.