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Spartan Delta Corp (SDE.TO)
Financials 
Technical Analysis 
Aug 26, 2026, 12:00 amThis summary was created by AI, based on 6 opinions in the last 12 months.
Spartan Delta Corp (SDE-T) has garnered mixed reviews from experts, with some praising its aggressive approach in the Duvernay region while others express caution about its heavy capex program. The company has achieved remarkable profitability by effectively fracking wells, which has led to significant asset value appreciation and the potential for considerable gains in the medium to long term. Although some analysts do not hold shares, they admire the management and the company's strategy. A consensus suggests that, with patience, investors could see notable returns, particularly in a favorable market characterized by an influx of private equity into Canadian plays. However, vigilance regarding risks associated with junior companies in oil and gas is advised, as the landscape can be volatile.
Cracked the nut on how to frack wells economically in the Duvernay. Phenomenal profitability. Approaching fair value. Strategic value of its assets is going up a lot. A double over the medium-to-long term.
Eric NuttallTechnology has been unlocking value in wells, which are booming. He hasn't sold any shares. Try not to trade around it. Just sit on it, and let returns compound for you.
Eric Nuttall
One of the exceptions he's made in small caps, now owning about 3-4% of the company. Early in identifying significant upside in Duvernay, drilling spectacular wells. Low cost, increasing productivity. Thinks there's significant private equity coming from US into Canada, and the best plays are in the Montney and the Duvernay.
Benefits from both liquid and natural gas upside. A newish name for him. Can't buy it with just a 1-2 year time horizon. (Potential acquisition is never a reason to buy.)
Eric Nuttall(Note the short timeframe.) Still sees good runway for growth. Underappreciated. Significant upside over next few years if it's not taken over by then.
Dennis da SilvaSince 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)Dennis da SilvaBilly 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
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Spartan Delta Corp (SDE.TO) Frequently Asked Questions
What is Spartan Delta Corp stock symbol?
Spartan Delta Corp is a Canadian stock, trading under the symbol SDE.TO (previously SDE-T on Stockchase) on the Toronto Stock Exchange (SDE-CT). It is usually referred to as TSX:SDE or SDE.TO
Is Spartan Delta Corp a buy or a sell?
In the last year, 6 stock analysts issued a Buy, Sell, or Hold rating on SDE.TO (previously SDE-T on Stockchase). 4 analysts recommended to BUY and 1 analyst recommended to SELL the stock. The latest stock analyst rating is DON'T BUY. Read the latest stock experts' ratings for Spartan Delta Corp.
Is Spartan Delta Corp a good investment or a top pick?
Spartan Delta Corp was recommended as a Top Pick by Jerome Hass on 2026-08-05. Read the latest stock experts ratings for Spartan Delta Corp.
Why is Spartan Delta Corp stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Spartan Delta Corp.
Is Spartan Delta Corp worth watching?
Spartan Delta Corp is followed by 32 investors on Stockchase and is a trending stock that is worth watching.
What is Spartan Delta Corp stock price?
On 2026-08-26, Spartan Delta Corp (SDE.TO) stock closed at a price of $13.15.
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Very gassy company, and his team isn't fond of Canadian nat gas on fundamentals. Well run. Quite aggressive capex program, not approaching new-found fiscal discipline of peers. Good company, just not his cup of tea.