This independent one pager analyzed Spartan Delta’s Duvernay upside following stronger well results and improving condensate productivity. The report highlighted the company’s Deep Basin cash flow base combined with scalable Duvernay growth, supporting accelerated value creation as drilling results exceeded prior expectations. Updated production performance and capital efficiency drove a revised valuation framework, resulting in a $6.00 price target. The analysis positioned Spartan Delta as a liquids weighted consolidator with expanding free cash flow and improving returns as Duvernay development continues to de risk.
