Spartan Delta Corp T.SDE

Assessment

[retiredcf]

Could I have your opinion of Spartan Delta Corp?

We think SDE is attractive following its recent split. It is very cheap, well managed and offers good growth potential. News has been quiet since the Logan Energy spin off, but we like its long term growth potential. Management has created value in the past. (5iResearch)

[TouchDown12]

Hi Retired. You and I have BB before. I loaded up a little early on SDE in the mid 4's and then averaged out to low 4's when it dipped into the 3.70 range. So today I feel comfortable about the shares purcahsed. I was very fortunate that i benefited from the run on SDE the first time; and given that these times (in general) demand good wits; I have postioned myself to benefit from this

[TerribleEng]

Yeah thanks RetiredCF. I too find your posts on all the analyst coverage extremely helpful. Across all the boards.  I touched base with Marcus (SDE Corp Dev) and he mentioned that SDE was not exactly going to operate like a yieldco as the strategy was made out to be. They are looking for acquisitions (bolt-on / tuckin) and mentioned that opportunities at cheaper valuations to Peytos Repsol

[anticline]

I might not know much but SDE seems like one of the most undervalued names in the Canadian junior energy space. Aren't they producing at least 40,000 boe/day, which is half of the previous larger SDE, and yet their share price is much less than half its value? All of this, if memory serves, is in the prime liquids rich Deep Basin real estate that Bellatrix once owned before they showed us how