Spartan Delta Corp T.SDE

Many Hedges Start to Roll Off after June 30....

[TouchDown12]

I beleive many hedges from Velvet last year roll off between June 30 (50%) and September 30 (50%).... which means even more debt payment in Q3.... SDE is certainly a freight train at a fundamental level. LONG SDE! TD12

[TouchDown12]

Correction: 100% of OIL Hedges roll off after June 30.... WOW!! 40% of current production is OIL/NGL's... so that is clear sailing.... 60% of current production is dry NG.... which has decreasing hedges suggesting 68% of NG is unhedged for reminder of 2022. SO....about 82% of total BBL's are unhedged after June 30; AND their May 10 2022 pricing assumtions are way below from their May 10