Brief: Spartan Delta Corp. Announces Strategic Repositioning Process And Preliminary Guidance For 2023

Spartan Delta

30/11/2022 12:36

Nov 30 (Reuters) - Spartan Delta Corp  SDE.TO :
    * SPARTAN DELTA CORP. ANNOUNCES STRATEGIC REPOSITIONING
PROCESS
AND PRELIMINARY GUIDANCE FOR 2023
    * SPARTAN DELTA CORP - EXPECTS TO GENERATE APPROXIMATELY
$885
MILLION OF ADJUSTED FUNDS FLOW IN 2023
    * SPARTAN DELTA CORP - BOARD HAS COMMENCED A FORMAL PROCESS
TO
EVALUATE STRATEGIC REPOSITIONING ALTERNATIVES IN AN EFFORT TO
ENHANCE SHAREHOLDER VALUE
    * SPARTAN DELTA CORP - FREE FUNDS FLOW IS FORECAST TO BE
$455
MILLION ON A CAPITAL EXPENDITURE BUDGET OF $430 MILLION IN 2023
    * SPARTAN DELTA CORP - CURRENT TRADING PRICE OF COMPANY'S
COMMON
SHARES DOES NOT FULLY REFLECT UNDERLYING VALUE OF ASSET BASE
    * SPARTAN DELTA CORP - BUSINESS WILL NOT BE IMPACTED BY THIS
REPOSITIONING PROCESS

Source text for Eikon:  ID:nCNWJhXXCa 
Further company coverage:  SDE.TO 
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