RY 174.39 2.4016% SHOP 149.115 2.5974% TD-PFM 24.63 -0.0811% TD-PFL 24.7 0.2028% TD 78.325 0.1214% ENB 60.6 1.3039% BN 80.4 1.9787% TRI 226.27 0.7525% CNQ 48.285 2.2771% CP 104.53 1.6038% CNR 151.74 1.5459% BMO 132.69 0.9203% BNS 78.845 0.1715% CSU 4600.2002 2.157% CM 91.15 0.474% MFC 45.79 1.6878% ATD 78.38 1.5285% NGT 60.14 0.0499% TRP 70.15 1.977% SU 57.44 0.5954%
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Spartan Delta Corp. (TSX: SDE) targets 39,500 - 41,500boe/d average production in FY24
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Highlights
Spartan Delta Corp. (TSX: SDE), is an oil and gas exploration and production company. Formerly known as Return Energy Inc., Spartan has established a portfolio of premium production and development opportunities in the Alberta Deep Basin. It has a market capitalization of CAD 727.44mn.
In the first quarter of 2024, SDE reported a higher gross margin of 72.2% compared to the industry median of 58%. Similarly, it had a higher net margin of 16.2% versus 11.8% of the industry median. However, the company’s oil and gas sales during the period declined to CAD 84.1mn compared to CAD 316.2mn in the prior corresponding period. The decline in sales was majorly due to reduced volumes and softening commodity prices.
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