Spartan Delta Corp T.SDE

TD12 and Terrible

[retiredcf]

Thanks for the compliments gentlemen. 

A tough day at the office this morning as a volatile market once again overreacts to the results. GLTA

[TouchDown12]

Feels like sports betting today. Anyhow, results were in line; and they have good production and control of CAPEX so i guess the ATB analyst has more of a following then i thougth (dropped PT to 5). I have been picking some extra shares up at 350-360. i think i am the only 1 (LOL). GLTA and RetiredCF to.

[ppp]

No I am in there also. Seems cheap. Debt all most nothing and lots of FCF. should be able to pay 15% div next year no problem at these prices. 

[TouchDown12]

Thanks for your update note Terrible; and your seeing things (buying opportunity) as well. Have a great SDE value buying day (all things given). TD12

[Bamsmba]

Me too folks... also been buying the two day dip! The drop is way overdone compared to a neutral report. They are doing a small acquisition, but no dilution and debt is coming down, not up!  Hang tough, guys!

[ppp]

Take note of the 9.02 a bbl hedge gain. This should continue for Q 4, but will drop off in 24. So having a div of 15% is not likely.

[TouchDown12]

Never expected 15%. Must be balanced with right fit growth. Just saying. TD12

[Fyordian]

Going off last weeks strip... Baseline $250m FFO $150m capex which includes growth capex to fill out infrastructure $100m FCF or $0.57 FCF per share What is a reasonable/healthy payout ratio on FCF? 50-75%? Dividend per share range $0.285 - 0.425? Is it fair to say with rough math 30 cents dividend is sustainable? Puts us around 8-10% dividend yield depending on the lunar cycle of the equity

[ppp]

Your numbers look good IMO. To bad AECO took a dump. I hope the LNG terminal takes some pressure off NG in Canada.

[Seppelt]

I would join you but out of cash. Expecting some tomorrow, will see. Not sure what the market was expecting and why there is such a selloff. I can't see anything except low activity in the quarter and stagnant production. It could be a few large players have made their mind to sell after results are announced regardless the price. Will wait for 2024 budget and guidance before making any