Bullboard - Stock Discussion Forum Spartan Delta Corp T.SDE

Alternate Symbol(s): DALXF

Energy Advertising Agencies Oil & Gas E&P

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 > Ink Research

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Post by retiredcf on Dec 19, 2022 8:02am

Ink Research

December 19, 2022 - After dominating the Canadian market for much of 2022, the Energy sector has been taking a beating over the past month with the S&P/TSX Capped Energy Index falling 12%. Insiders at oil & gas exploration companies have been buying the pullback. The INK Oil & Gas Exploration and Production Indicator has shot up to 118%. At that level there are nearly 1.2 stocks with key insider buying for every one stock with selling over the past 60 days. The indicator is nearly double where it was a month ago at 65%. That is good news for energy bulls as it supports the idea that much of the recent weakness in crude prices can likely be explained by seasonal or one-time factors such as uncertainty around the G7 price cap. In terms of natural gas, insiders show little sign of giving up on the bull story for the commodity.

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