Spartan Delta Corp (TSE:SDE) has released an update.
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Spartan Delta Corp. has reported a strategic year of transformation in 2023, with significant shareholder returns following the sale of Montney assets and a focus on optimizing its Deep Basin asset. The company closed a substantial asset sale for $1.7 billion and declared dividends and distributions of $1.7 billion, or $9.60 per share, while production decreased due to the asset sale and spin-out. Despite reduced production and commodity prices, Spartan is poised for continued growth and value-building in 2024.
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