Opinions
Rick Rule
Spartan Delta Corp
SDE-T
BUY ON WEAKNESS
Jul 14, 2023
$4.480
Stock price when the opinion was issued
oil
gas
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Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The stock is cheap due to its debt positions. It is about 3x cash flow, which some investors are worried about. The debt is from their Velvet acquisition. Improved cash flow will help decline this debt. Growth looks good. Unlock Premium - Try 5i Free
oil
gas
TOP PICK
Since 2020, has distributed $1.8B to shareholders (including $9.60 special distribution in 2023). Came out of its shell with an oil play in the Duvernay. Will rerate as it continues to gather scale. Easily sees 20-30% upside, even if oil stays around $60. No dividend.
(Analysts’ price target is $5.18)
oil
gas
Top quality management team.
Share price fully valued at this price.
Would wait to buy on weakness.
Does not own shares at this point.
Bullish on Canadian energy.