Spartan Delta Corp T.SDE

Simonette

[fauxtomato]

Best part of the this action packed press release for me is 

The addition of $30 million of capital to the budget for 2022 compared to prior guidance of $300 million will be used primarily for facility preparation ahead of the 2023 program and the drilling of two wells at Simonette, which are expected to demonstrate the property's unrecognized value through an improved development strategy and will produce to Spartan owned infrastructure with excess capacity

Sure I'm on record earlier extolling the potential of the Cequence land

[PabloLafortune]

6 degrees of separation in Alberta oil and gas.

[PabloLafortune]

By the way anybody else find it a little strange that RBC analysts don't cover Spartan, what's up with that?

[TouchDown12]

Pablo... good to see you on the SDE board. You long this too? See you on BIR all the time. Good to have you as part of this BB. TD12

[PabloLafortune]

I'm bullish on all Canadian natural gas producers long term (5+ years - how far behind we are on LNG is such a travesty).  Spartan is definitely undervalued (is not being covered by RBC a factor?) relative to most but I prefer Kelt because Kelt is spending all cashflow (and then some) on capex. its just math that if 2 producers drill the same # of equally productive wells, their size

[TouchDown12]

Good Points. I own both for different reasons. GLTA. TD12