Spartan Energy Corp

SPE-T

Analysis and Opinions about SPE-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
September 14, 2018

If you are bullish oil, you may want to look for others companies rather than waiting for the conversion to Vermilion. He would favour other names, like Baytex.

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Spartan Energy Corp (SPE-T)
September 14, 2018

If you are bullish oil, you may want to look for others companies rather than waiting for the conversion to Vermilion. He would favour other names, like Baytex.

PAST TOP PICK
PAST TOP PICK
May 31, 2018

(A Top Pick April 12/17 - Down 15%.) Really disappointed with it. They owned it since it went public. He overestimated management. Good example of why people don’t want to invest in the Canadian oil patch.

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(A Top Pick April 12/17 - Down 15%.) Really disappointed with it. They owned it since it went public. He overestimated management. Good example of why people don’t want to invest in the Canadian oil patch.

DON'T BUY
DON'T BUY
April 17, 2018

He bought Spartan a few days ago, just before Vermillion made its offer for Spartan. He thought he was buying an undervalued company with meaningful leverage to the oil price and was surprised to see the takeout offer by Vermillion. He sold the company at a loss. A few points to consider: 1. The company has been shopped a few times over the past couple of years. The management team was looking for an exit. So the metrics for this deal should not be taken as reflecting the broader market of Canadian mid-cap light oil companies. There are other factors, such as performance warranties, motivating management to sell. These were all disclosed, but they are significant. There is such a lack of interest, in this market, in small and midcap energy stocks that it is understandable why a management team would just say “Screw it” and sell the company.

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He bought Spartan a few days ago, just before Vermillion made its offer for Spartan. He thought he was buying an undervalued company with meaningful leverage to the oil price and was surprised to see the takeout offer by Vermillion. He sold the company at a loss. A few points to consider: 1. The company has been shopped a few times over the past couple of years. The management team was looking for an exit. So the metrics for this deal should not be taken as reflecting the broader market of Canadian mid-cap light oil companies. There are other factors, such as performance warranties, motivating management to sell. These were all disclosed, but they are significant. There is such a lack of interest, in this market, in small and midcap energy stocks that it is understandable why a management team would just say “Screw it” and sell the company.

VAGUE
VAGUE
April 9, 2018

It is one of the better oil stocks. As a global investor he needs to know what is the best opportunities. Oil in Canada was a thing of the past. But they have oil that is nearer to where it is needed in Canada. They have some of the best light oil resource in Canada; have a strong management team and low debt. The end game for a mid-cap has to be acquisition. We used to sell everything we had to the US but now they have enough. Politicians should have had the foresight 10 years ago.

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It is one of the better oil stocks. As a global investor he needs to know what is the best opportunities. Oil in Canada was a thing of the past. But they have oil that is nearer to where it is needed in Canada. They have some of the best light oil resource in Canada; have a strong management team and low debt. The end game for a mid-cap has to be acquisition. We used to sell everything we had to the US but now they have enough. Politicians should have had the foresight 10 years ago.

BUY WEAKNESS
BUY WEAKNESS
April 3, 2018

The company has done very well. Balance sheet $180 million against $1.3 billion of debt. Book value is $7.53 so it is trading (at $5.68 on the day of the interview) at a significant discount to book. He expects this company to see $5, though. This company is 90% oil. He expects cash flow this year of about $1 per share. He thinks it will be a good buy when it gets close to $5. This is a good name to own for the cycle. Management is well liked in Calgary.

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The company has done very well. Balance sheet $180 million against $1.3 billion of debt. Book value is $7.53 so it is trading (at $5.68 on the day of the interview) at a significant discount to book. He expects this company to see $5, though. This company is 90% oil. He expects cash flow this year of about $1 per share. He thinks it will be a good buy when it gets close to $5. This is a good name to own for the cycle. Management is well liked in Calgary.

BUY
BUY
April 2, 2018

Has owned it for a long time, but it has disappointed because of oil prices, not the company itself. Balance sheet is pristine. Will grow production per share at 10% this year. A disciplined, well-run company, but it's out of favour. Company has announced a share buyback. A wonderful investment.

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Has owned it for a long time, but it has disappointed because of oil prices, not the company itself. Balance sheet is pristine. Will grow production per share at 10% this year. A disciplined, well-run company, but it's out of favour. Company has announced a share buyback. A wonderful investment.

BUY WEAKNESS
BUY WEAKNESS
March 16, 2018

He holds this company and sees a target of $10 in the next 12 months. In Q4 production came in below his target of 23,000 boed, but the cash flow was very good. Debt is not a problem. Management has a good record. You may be able to buy it sub-$5. (Analysts’ price target is $9.68 )

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He holds this company and sees a target of $10 in the next 12 months. In Q4 production came in below his target of 23,000 boed, but the cash flow was very good. Debt is not a problem. Management has a good record. You may be able to buy it sub-$5. (Analysts’ price target is $9.68 )

DON'T BUY
DON'T BUY
March 15, 2018

No surprises from their earnings announcement today. Trades at 4x cash flow and five years worth of production stream. Well-liked CEO, but this is a segment of the market that investors don't care about. Their 5% stock buyback isn't enough to impress him.

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No surprises from their earnings announcement today. Trades at 4x cash flow and five years worth of production stream. Well-liked CEO, but this is a segment of the market that investors don't care about. Their 5% stock buyback isn't enough to impress him.

DON'T BUY
DON'T BUY
February 9, 2018

Very limited appetite for the mid-caps in Canada. Trading at 4.1 cash flow. They 5 years’ worth of proven reserves. Effectively paying below the value of the production and getting their unbook inventory for free. They shouldn’t spend any money on waterflooding. The stock market doesn’t give a darn about it.

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Very limited appetite for the mid-caps in Canada. Trading at 4.1 cash flow. They 5 years’ worth of proven reserves. Effectively paying below the value of the production and getting their unbook inventory for free. They shouldn’t spend any money on waterflooding. The stock market doesn’t give a darn about it.

TOP PICK
TOP PICK
February 5, 2018

A light oil company that trades cheaply. Management continues to under promise and over deliver. (Analysts’ target: $9.87).

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A light oil company that trades cheaply. Management continues to under promise and over deliver. (Analysts’ target: $9.87).

BUY WEAKNESS
BUY WEAKNESS
January 15, 2018

It is trading at book value ($7.58). It is 90% oil. They are going to spend $380 Million in 2018. It is a buy on any weakness. In the $6 area it makes a lot of sense.

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It is trading at book value ($7.58). It is 90% oil. They are going to spend $380 Million in 2018. It is a buy on any weakness. In the $6 area it makes a lot of sense.

PAST TOP PICK
PAST TOP PICK
January 5, 2018

(A Top Pick Jan 31/17. Down 18%.) Has quality management and a large insider ownership. South east Saskatchewan, pure play, growing 10% a year. The valuation would have been compelling then and is even more compelling now. This is a segment of the market that nobody cares about.

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(A Top Pick Jan 31/17. Down 18%.) Has quality management and a large insider ownership. South east Saskatchewan, pure play, growing 10% a year. The valuation would have been compelling then and is even more compelling now. This is a segment of the market that nobody cares about.

HOLD
HOLD
January 2, 2018

Energy has been out of favour, and he looks to see where the bottom would be. It is currently around $6. It’s very toppy at this stage. Looks like it has bounced off the bottom of the channel, but doesn't have any real big momentum going through here. If he owned this, he would continue to hold.

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Energy has been out of favour, and he looks to see where the bottom would be. It is currently around $6. It’s very toppy at this stage. Looks like it has bounced off the bottom of the channel, but doesn't have any real big momentum going through here. If he owned this, he would continue to hold.

BUY WEAKNESS
BUY WEAKNESS
December 18, 2017

He has this on his coverage list. He likes the company. When it goes back to $4 or $5 you want to take advantage of it.

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Spartan Energy Corp (SPE-T)
December 18, 2017

He has this on his coverage list. He likes the company. When it goes back to $4 or $5 you want to take advantage of it.

COMMENT
COMMENT
November 24, 2017

He likes this and their light oil assets. Trading at a very reasonable cash flow multiple. The balance sheet is good and he likes management. Feels the reserves are under represented, so he sees very positive reserve growth. Has good production per share growth. This is an oil company that actually generates free cash flow.

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Spartan Energy Corp (SPE-T)
November 24, 2017

He likes this and their light oil assets. Trading at a very reasonable cash flow multiple. The balance sheet is good and he likes management. Feels the reserves are under represented, so he sees very positive reserve growth. Has good production per share growth. This is an oil company that actually generates free cash flow.

Showing 1 to 15 of 132 entries

Spartan Energy Corp(SPE-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Spartan Energy Corp is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Spartan Energy Corp(SPE-T) Frequently Asked Questions

What is Spartan Energy Corp stock symbol?

Spartan Energy Corp is a OTC stock, trading under the symbol SPE-T on the (). It is usually referred to as or SPE-T

Is Spartan Energy Corp a buy or a sell?

In the last year, there was no coverage of Spartan Energy Corp published on Stockchase.

Is Spartan Energy Corp a good investment or a top pick?

Spartan Energy Corp was recommended as a Top Pick by Eric Nuttall on 2018-09-14. Read the latest stock experts ratings for Spartan Energy Corp.

Why is Spartan Energy Corp stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Spartan Energy Corp worth watching?

0 stock analysts on Stockchase covered Spartan Energy Corp In the last year. It is a trending stock that is worth watching.

What is Spartan Energy Corp stock price?

On , Spartan Energy Corp (SPE-T) stock closed at a price of $.