WCP is a good company but it has debt.So if you want to diversify with a pure upstream debt-free energy company that has zero risk thanks to its pristine balance sheet, see unknown Spartan Delta (SDE) before it becomes popular.
SDE is new, so it's still unknown.
SDE is natural-gas weighted and just announced another deal yesterday and new guidance for 2021.
SDE currently is debt-free with surplus of C$35 million.
Proforma yesterday's deals, SDE will remain debt-free by the end of 2021 with a significant surplus of CAD$54 million, 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 must have the strongest balance sheet while being the most undervalued Canadian nat gas weighted producer because SDE currently trades less than C$10,000 per boepd and just 2.5 times its annual cash flow.
Insiders own about 26%.
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.
AECO will also remain very strong in the next weeks and months.
My two cents.