SDE - Sector OutPerform | DXE:CA Message Board Posts


DualEx Energy International Inc.

  DXE:CA website

DXE:CA   /  Message Board  /  Read Message

 

 






Keyword
Subject
Between
and
Rec'd By
Authored By
Minimum Recs
  
Previous Message  Next Message    Post Message    Post a Reply return to message boardtop of board
Msg  14178 of 14182  at  10/27/2020 6:35:08 PM  by

firemagi


SDE - Sector OutPerform

Globe says Bean rates Spartan Delta "sector outperform"

2020-10-21 07:47 ET - In the News

The Globe and Mail reports in its Wednesday edition that Scotia Capital analyst Cameron Bean began coverage of Spartan Delta with a "sector outperform" rating and $5 share target, falling 12 cents below the consensus. The Globe's David Leeder writes that Mr. Bean says in a note: "The company is advancing a consolidation-driven growth strategy focused on acquiring and optimizing undervalued assets. We believe Spartan Delta is well positioned to pursue its strategy and create value for investors. Our thesis and recommendation are based on Spartan Delta's (1) proven management team and timely strategy; (2) high-quality asset base and free cash flow (FCF) platform; (3) superior rate-of-change potential; (4) potential to take advantage of an acquisition and disposition environment that favours buyers; (5) AECO exposure, which is the purest in our coverage group; and (6) attractive valuation, with ample upside to our target price, which is based on a 50/50 weighting of 5.0 times our blended 2021 and 2022 debt-adjusted cash flow estimates and our scenario sum-of-the-assets net asset value estimate." The Globe reported on June 6 that Raymond James rated Spartan "outperform" in new coverage when it was worth $3.50.

2020 Canjex Publishing Ltd. All rights reserved.

https://www.stockwatch.com/News/Item?bid=Z-C:SDE-2978088&symbol=SDE®ion=C

fm


     e-mail to a friend      printer-friendly     add to library      
|  
Recs: 2  
   Views: 0 []
Previous Message  Next Message    Post Message    Post a Reply return to message boardtop of board




Financial Market Data provided by
.
Loading...