Josh Young
Hedge fund manager, energy, value, special situations

Spartan Energy May Double: Stellar Management Track Record, Cheap Valuation, And Production Outperformance

(Editors' Note: Spartan Energy trades on the Toronto Stock Exchange under the ticker SPE.V, with ~$CAD 12.5M average daily volume).

Spartan Energy (OTCPK:PTORF) is a Canadian oil and gas E&P company trading below analyst estimates, despite management having generated a compounded 1,350% realized return over the course of 54 months in their prior two entities (and a total 6,750% compounded including performance so far in the third entity). Many companies where management has excellent track records trade with management premiums over the prevailing industry metrics. However, after a recent operations update, Spartan appears undervalued on its current assets and even more compelling when considering an appropriate "management premium" for the stock.

Opportunity Overview:

This presents an incredible...

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