Spartan Delta Corp T.SDE

Russian oligarch

[kurtwalter]

Apparently some Russian oligarch owns 20% of SDE and Fed govt wants him to divest it

[retiredcf]

Found this on google. Doesn't look like it's a done deal yet but it's the only reason why the SP would be down on a day like today. GLTA Canada is examining assets of Russian oligarchs and considering more sanctions, Finance Minister Chrystia Freeland said, as Western nations increase pressure on President Vladimir Putin over his invasion of Ukraine. “We are looking carefully at

[TouchDown12]

Not to confuse anyone... so no wrong info intented... but I think there was a 50M loan converted early at 8.50/share in september; which is about 5.9M shares (give or take) that would have to be divested if they weren't already. I guess someone can check inside trader to see if they were sold or not after the September notice. Will the shares trade at par (8.50?). I don't know. But as

[TouchDown12]

FYI... about 25% of trade volumes today are on other trading platfoms other than the TSX. So it is at about 800K overall and about 600K is TSX; about 200K on other platforms as i write this... check for yourself at https://www.stockwatch.com/Quote/Detail?C:SDE . It's a free service. I am buying some more SDE at this point. TD12

[therealDonald]

This is messy now comrades.

[RusticHit]

Could see 7 sssss

[TG1960]

Ownership will be seized and monies forwarded to Ukraine rebuild...haha russian pig

[fauxtomato]

Not the way you want to see your stock in the news. If ARETI is forced to liquidate his holdings that may create a buying opportunity (his initial holdings came from taking all equity for Inception I believe?) I trimmed at 7.70 way back when and had thought about taking more profits but guess I'll just keep waiting.

[TouchDown12]

Two things Fax.... 1. Will SDE come out with a statement of how they will handle the situation: 2. since all the assets are CDN based assets -  could be bought by CDN's or a CDN E&P (forced marriage)? I know none of us knows much; but I have to think SDE might work on a PP/Bought Deal to specifically buyout the shares... Just trying to firgure it all out. TD12

[fauxtomato]

Realistically I don't think SDE will address it at all. It's between the government of Canada and ARETI, and if forced to divest they will. Strange and uncertain times: I'm inclined to say this is a short term headwind that won't amount to anything beyond some volatility and maybe a setback in share price if a brokered private placement happens, but I won't be surprised at

[TouchDown12]

Thanks Fax. I sold off some KELT and AAV in the last few days so I picked up a few shares around where is closed. Hate to see a good CDN E&P get caught in the middle... but I hope things work out. I guess we will know more down the road then we know now. Cheers! TD12

[Fyordian]

I agree entirely about ARETI vs Govt. This is not SDE's problem outside of ARETI's influence over the corporation. ARETI assets are held in US and Swiss entities that are outside of the Canadian Govt's jurisdiction. Switzerland will tell Canada to go away, but US would be more willing to oblige to freeze or force reprecussions. What the Canadian govt can do is say that ARETI and

[therealDonald]

This is a PR opportunity for the liberal government. They care more about the Ukraine then an Alberta oil company backed by an oligarch.  

[inv2day]

where did you see it in the news?

[RusticHit]

These are about 30 Millions shares if 7.50 agree price so many investors would show up

[TouchDown12]

T:SDE - SPARTAN DELTA CORP - https://www.spartandeltacorp.com 14:20:19 EST Sym-X Bid - Ask Last Chg %Ch Vol $Vol #Tr Open-Hi-Lo Year Hi-Lo Last Tr News Delay SDE - T  ATS 3.2 8.52 · 8.54 0