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Spartan Delta ( (TSE:SDE) ) just unveiled an announcement.
Spartan Delta Corp. has set a 2026 capital program of $410 million to $470 million aimed at accelerating light oil and condensate growth, with planned average production rising to 50,000–52,000 BOE/d, up 28% from 2025, and crude oil and condensate volumes nearly doubling. The company will direct roughly $350 million to its Duvernay assets, where it plans to bring 24 net wells onstream, target more than 100% annual production growth, and leverage cost reductions and productivity gains to establish the play as a leading emerging oil-weighted growth engine, while allocating about $90 million to the Deep Basin to keep production flat, advance new liquids-rich targets, and support a projected 48% increase in adjusted funds flow in 2026 despite a lower WTI price outlook.
The most recent analyst rating on (TSE:SDE) stock is a Hold with a C$8.00 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 stock score reflects a balanced view of its financial performance, technical indicators, and valuation. The strong balance sheet and positive technical trends are significant strengths. However, liquidity challenges and a high P/E ratio present risks. The absence of earnings call data and corporate events means these factors do not influence the score.
To see Spark’s full report on TSE:SDE stock, click here.
More about Spartan Delta
Spartan Delta Corp. is a Calgary-based oil and gas producer focused on light oil, condensate and natural gas development in Western Canada. The company’s core assets include a large position in the West Shale Basin Duvernay and significant acreage in the Deep Basin, targeting multiple formations to grow liquids-weighted production while maintaining a disciplined balance sheet.
YTD Price Performance: 3.03%
Average Trading Volume: 521,223
Technical Sentiment Signal: Buy
Current Market Cap: C$1.5B
See more data about SDE stock on TipRanks’ Stock Analysis page.