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Spartan Delta ( (TSE:SDE) ) has shared an update.
Spartan Delta Corp. has announced an increase in its revolving credit facility from $250 million to $450 million, enhancing its liquidity to support growth in the Duvernay region. This financial boost, backed by a syndicate of major Canadian banks, positions Spartan to continue its strategic expansion and operational optimization in the oil and gas sector, benefiting stakeholders and supporting its growth strategy.
The most recent analyst rating on (TSE:SDE) stock is a Hold with a C$5.75 price target. To see the full list of analyst forecasts on Spartan Delta stock, see the TSE:SDE Stock Forecast page.
Spark’s Take on TSE:SDE Stock
According to Spark, TipRanks’ AI Analyst, TSE:SDE is a Neutral.
Spartan Delta’s overall score is driven by strong technical indicators and a stable financial position, despite valuation concerns and cash flow challenges. The positive market momentum and solid balance sheet are key strengths, while the high P/E ratio and negative free cash flow are notable risks.
To see Spark’s full report on TSE:SDE stock, click here.
More about Spartan Delta
Spartan Delta Corp. is a company focused on creating value for its shareholders through sustainable operations and financial performance. It specializes in responsible oil and gas exploration and development, with a portfolio of high-quality production and development opportunities in the Deep Basin and Duvernay. The company is committed to executing its organic drilling program while maintaining environmental and community respect.
Average Trading Volume: 376,006
Technical Sentiment Signal: Buy
Current Market Cap: C$1.1B
See more data about SDE stock on TipRanks’ Stock Analysis page.