Spartan Delta Corp. (DALXF)
| Market Cap | 414.57M |
| Revenue (ttm) | 185.69M |
| Net Income (ttm) | 23.83M |
| Shares Out | n/a |
| EPS (ttm) | 0.14 |
| PE Ratio | 17.40 |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 15,400 |
| Average Volume | 54,973 |
| Open | 2.100 |
| Previous Close | 2.100 |
| Day's Range | 2.060 - 2.120 |
| 52-Week Range | 1.700 - 3.110 |
| Beta | -0.06 |
| RSI | 48.43 |
| Earnings Date | May 6, 2025 |
About Spartan Delta
Spartan Delta Corp. engages in the exploration, development, and production of crude oil and natural gas properties in Western Canada. Its assets are located in Duvernay and Deep Basin in Canada. The company was formerly known as Return Energy Inc. and changed its name to Spartan Delta Corp. in May 2020. Spartan Delta Corp. was incorporated in 2006 and is headquartered in Calgary, Canada. [Read more]
Financial Performance
In 2024, Spartan Delta's revenue was 267.17 million, a decrease of -54.93% compared to the previous year's 592.80 million. Earnings were 34.28 million, a decrease of -94.83%.
Financial numbers in CAD Financial StatementsNews
Spartan Delta: Heading Towards More Oil Production
Spartan Delta and Logan Energy have overlapping management. Management's history of successful growth, spinoffs, and sales reduces small company and growth risks. The spinoff of Logan Energy enhances ...
Spartan Delta Announces Large Development Program In The Duvernay Shale
Spartan issued $85 million worth of new shares to National Bank Financial to help fund the company's development project in the Duvernay Shale. Based on 2025 production guidance I believe most of thes...
Spartan Delta Corp. Upsizes Previously Announced Equity Offering to $85 Million
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.
UPDATE - Spartan Delta Corp. Announces Preliminary 2025 Guidance, Acceleration of Duvernay Development Program, and $50 Million Equity Offering
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.
Spartan Delta Corp. Announces Preliminary 2025 Guidance, Acceleration of Duvernay Development Program, and $50 Million Equity Offering
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.
Spartan Delta: Booming Natural Gas Prices Are Huge For Condensate Development
The recovery in natural gas prices will significantly boost Spartan Delta's Q4 revenues, aiding the development of high-margin Duvernay liquid wells. The startup of LNG export facilities in 2025 will ...
Spartan Delta: A Growth Thesis Proven By Actual Production
Spartan Delta's initial Duvernay wells show strong production, confirming the growth thesis and supporting a STRONG BUY rating. The company has expanded its acreage to 250,000 acres, setting the stage...
The New Spartan Delta Corp.
Spartan Delta is a small fraction of the company it once was. Earnings comparisons to the previous fiscal year are irrelevant due to the company's significant transformation. Management plans to slow ...
Spartan Delta: Doubling Down On The Liquids Rich Duvernay For Substantial Gains
Spartan Delta is a micro-cap oil producer in Alberta, Canada, with a focus on the oil window of the Duvernay Fairway. The company has successfully executed on acquiring and developing unproved assets,...
Spartan Delta: Starting Over Again
Spartan Delta issued a big dividend last year, effectively ending their main project and marking a successful end to a profitable venture. Investors now have the choice of investing in Crescent Point ...
Spartan Delta: Still Profitable At Low Natural Gas Prices
Spartan Delta's total return has exceeded 400% due to dividends, special dividends, and spin-off proceeds. Q4 results were better than I had expected, with positive free cash flow of almost C$23M. The...
Spartan Delta: One Of The Best Growth Stories You Probably Have Not Heard Of
Spartan Delta operates in the low cost Duvernay basin that is shallower than most other US basins. DALXF has acquired 130,000 acres that are located in a liquids-rich window of the Duvernay basin. Tra...
Spartan Delta: FCF Positive In Current Gas Price Environment, Provides Excellent Torque
Spartan Delta's Q3 results were impacted by weak natural gas prices, but the company still reported a net profit of C$9M. The company announced an acquisition and provided guidance for 2024, projectin...
Horos Asset Management Quarterly Letter To Our Co-Investors - October 2023
Horos is an asset management firm that knows the benefits of value investing over the long term. We invest in companies that we consider, after analyzing them, to have a value higher than the price th...
Spartan Delta: Evaluating The Deal
Spartan Delta announced a significant sale, allowing the company to issue a special dividend and split into two smaller companies. Shareholders have the option to invest the money received back into t...
Spartan Delta Is Focusing
Spartan Delta Corp. will spin off Logan Energy while selling acreage to Crescent Point Energy. The surviving Spartan Delta will be a natural gas producer with some liquids.
Spartan Delta: Payday Imminent After Closing C$1.7B Asset Sale
Spartan Delta has sold assets to the tune of C$1.7B and will pay its shareholders C$9.5/share in cash as a capital repayment and special dividend. Additionally, it will spin out an asset with a curren...
Small-Cap Energy Producers Ranked By Quality
Forty-nine small-cap energy producers are ranked on relative quality using a matrix with factors including, valuation, profitability, FCF, and debt. The quality matrix is a broad effort to identify th...
Spartan Delta sells properties to Crescent Capital and will distribute proceeds to shareholders
Oil and gas developer and producer Spartan Delta Corp. SDE, -0.07% DALXF, -0.70% said Tuesday it agreed to sell its Gold Creek and Karr Montney assets in Canada to Crescent Point Energy Corp. for C$1....
Spartan Delta: Trading At A Free Cash Flow Yield Of 20% At The Current Gas Price
Spartan Delta continues to increase its production rate, which still is gas-weighted. The company anticipates to generate C$455M in free cash flow this year. I'm more conservative but still expect C$3...
Spartan Delta: A Natural Gas Cash Cow With A Special Dividend
Spartan Delta is a relatively new natural gas producer in Canada. The company was created in 2020 when an experienced management acquired an asset out of bankruptcy.
Spartan Delta Is Almost Debt-Free And Offers Excellent Exposure To The Natural Gas Price
Spartan Delta has expanded its operations to become a large natural gas producer in Canada. It is taking advantage of the surprisingly strong natural gas prices and actually has a shot to be debt-free...
Spartan Delta Has A (Positive) Cash Flow Problem
I have been a shareholder of Spartan Delta for more than two years now, and the share price has quintupled. The stock is still cheap, using C$5 AECO. Even at C$4 AECO Spartan Delta isn't expensive.
Spartan Delta Corp. Announces Changes to Board of Directors
CALGARY, Alberta, April 06, 2022 (GLOBE NEWSWIRE) -- Spartan Delta Corp. (“Spartan” or the “Company”) (TSX:SDE) announces the resignations of Elliot S. Weissbluth and Steve Lowden as directors of the ...
Spartan Delta: Cash Flow Machine Firing On All Cylinders
Exposure to 3 profitable and growing revenue streams.