Spartan Energy Corp (SPE-T) Stock Predictions - Stockchase
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Spartan Energy Corp (SPE-T)

ON STOCKCHASE SINCE Feb 2011

Formerly Alexander Energy

oil/gas

Spartan Energy Corp

SPE-T

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Spartan Energy Corp (SPE-T) SAVE Dec, 31, 1969, 7:00 pm

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Signal Opinion Expert
DON'T BUY
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.

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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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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$6.680
Owned Owned
No

PAST TOP PICK

(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.

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John O'Connell,

Chairman a, Davis Rea...

Price Price
$6.680
Owned Owned
No

DON'T BUY

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.

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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$6.320
Owned Owned
No

VAGUE

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.

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Greg Dean

Principal , Cambridge Global Ass...

Price Price
$5.750
Owned Owned
Unknown

BUY on WEAKNESS

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.

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Josef Schachter

President, Schachter Asset Mana...

Price Price
$5.670
Owned Owned
No

BUY

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.

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John O'Connell,

Chairman a, Davis Rea...

Price Price
$5.530
Owned Owned
Yes

BUY on WEAKNESS

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 ) 

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Josef Schachter

President, Schachter Asset Mana...

Price Price
$5.900
Owned Owned
Yes

DON'T BUY

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.

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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$5.710
Owned Owned
Unknown

DON'T BUY
Spartan Energy Corp(SPE-T) 

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.  

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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$5.440
Owned Owned
No

TOP PICK
Spartan Energy Corp(SPE-T) 

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).

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Joanne A. Hrusk

Market Str, Integral Wealth Secu...

Price Price
$6.000
Owned Owned
Yes

BUY on WEAKNESS
Spartan Energy Corp(SPE-T) 

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.

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Josef Schachter

President, Schachter Asset Mana...

Price Price
$7.590
Owned Owned
Unknown

PAST TOP PICK
Spartan Energy Corp(SPE-T) 

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.

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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$6.970
Owned Owned
No

HOLD
Spartan Energy Corp(SPE-T) 

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.

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Elliott Fishman

Director o, Trading Services Gro...

Price Price
$7.320
Owned Owned
Unknown

BUY on WEAKNESS
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.

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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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Josef Schachter

President, Schachter Asset Mana...

Price Price
$6.660
Owned Owned
Unknown

COMMENT
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.

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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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Daniel Lloyd

Portfolio , Forge First Asset Ma...

Price Price
$6.840
Owned Owned
Yes

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