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Spartan Delta has increased production targets for its oil-rich Duvernay acreage. Oil growth is targeted to reach 89% in 2026. The company has added significant acreage in both its Duvernay and Deep Basin plays. In doing so, the company has logged significant inventory growth of over 300 wells. The two plays now overlap, allowing for stacked pay potential as well as operational synergies.

Spartan Delta Corp. (OTCMKTS:DALXF - Get Free Report) crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $5.17 and traded as high as $5.51. Spartan Delta shares last traded at $5.2250, with a volume of 38,354 shares trading hands. Analysts Set New Price

Journey Energy (JRNGF) is a very small cap oil and gas company facing heightened risk in the current political and economic environment. Liquidity concerns and susceptibility to stock price manipulation make JRNGF a dangerous holding. I see no unique edge with JRNGF to justify the risk.

Spartan Delta Corp. (OTCMKTS:DALXF - Get Free Report) passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $4.52 and traded as high as $5.40. Spartan Delta shares last traded at $5.3980, with a volume of 40,177 shares changing hands. Analysts Set New Price