Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Spartan Delta ( (TSE:SDE) ) has issued an update.
Spartan Delta Corp. has successfully closed its upsized equity offering, raising approximately $97.8 million to accelerate its development program in the Duvernay region, aiming for substantial production growth. The company has also updated its 2025 guidance, planning an increased capital budget to enhance drilling and production activities, particularly in the Duvernay and Deep Basin, with a forecasted 5% annualized production increase and a 75% rise in crude oil and condensate output compared to 2024.
More about Spartan Delta
Spartan Delta Corp. is a company operating in the energy sector, focusing primarily on oil and gas production. The company targets growth in the Duvernay and Deep Basin areas, aiming to increase production rates significantly in the coming years.
YTD Price Performance: 9.50%
Average Trading Volume: 37,359
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $461.4M
Find detailed analytics on SDE stock on TipRanks’ Stock Analysis page.
