Valeura Energy Inc T.VLE

Natural Gas, ZERO Debt, Surplus And Production Growth

[stockfy]

Another debt-free natural gas weighted-company is new and unknown Spartan Delta (SDE). Unlike VLE that has exposure to Turkey, SDE has exposure only to Canada. 

 

SDE is natural-gas weighted and is currently producing about 30,000 boepd (70% gas, all sold at AECO prices).

 

Currently, SDE is debt-free with surplus of CAD$35 million, facts below:

 

https://www.globenewswire.com/news-release/2021/02/16/2176560/0/en/Spartan-Delta-Corp-Announces-Three-Strategic-Acquisitions-and-80-0-Million-Financing.html

 

 

Proforma the latest deals, SDE produces 36,000 boepd while also remaining debt-free with a significant surplus of CAD$54 million by the end of 2021, based on the latest guidance below:

 

https://www.globenewswire.com/news-release/2021/02/16/2176560/0/en/Spartan-Delta-Corp-Announces-Three-Strategic-Acquisitions-and-80-0-Million-Financing.html

 

 

So debt-free SDE has the strongest balance sheet while being the most undervalued Canadian nat gas weighted producer because SDE currently trades at just C$9,000 per boepd and just about 2.4 times its annual cash flow.

 

Insiders own about about 25%.

 

SDE's management team has an impeccable pedigree with very high returns from their previous 3 companies, Spartan Exploration, Spartan Oil, Spartan Energy sold to VET. My two cents.



 

[firstworld]

Good numbers but poor future in a very small market with zero global access selling at 1/4 ok f the price. I gamble on VLE with deep water terminal a few hours away and pipelines to market of 500 MN a stone's throw away, selling at 3-4 times Canada price. I also love the geopolitical profile which is enviable by any measure VS Canada which is 4 the world banana regime where the elites would