Spartan Delta Corp T.SDE

Recommendation

[retiredcf]

Since the changes I have small positions in both Spartan Delta and Logan Energy and capital to deploy, as many of your members do I'm sure. If you were under weight energy and have a very high risk tolerance, would you add to both, or focus on one?

We think both have the potential to do well and would be fine buying some of each if one is interested in growth stocks for the energy sector. (5iResearch)

[Fyordian]

I believe that Deep Basin assets were for sale and Spartan just wasn't able to find a buyer. The new Spartan has a cleaned balance sheet and would make a clean acquisition. Depending on who you ask, Deep Basin is worth anywhere from $1-1.3b New Spartan has minimum operational upside as they'd just grow production to optimize infrastructure constraints, but it's for sure not

[retiredcf]

A few more details on SDE. GLTA As a result of its reorganization, SDE has less production and is obviously a much smaller company. But it has also been 're-set' and is leaner. With existing management, we think it still has a good future and It expects more than 50,000 b/d of production by year end.  While not 'cheap' based on 2024 cash flow projections, we think it may grow