The Globe and Mail reports in its Wednesday edition that BMO Nesbitt Burns analyst Jeremy McCrea has reinstated coverage on Spartan Delta with an "outperform" rating and $5.50 share target. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $4.75. Mr. McCrea says in a note: "Bottom Line: After the successful consolidation/development and sale of Spartan Delta's Montney asset in 2023, management is at it again, this time in the Duvernay. As technology has progressed, we're starting to see a pivot in economics for this formation, with increasing attention from more mainstream investors. Combined with a strong balance sheet for further acquisitions, and plenty of Duvernay land (and results) yet to be fully disclosed publicly, we're very encouraged for what could transpire -- especially if it follows the successful track record seen with prior companies." The Globe reported on Feb. 28 that Stifel analyst Cody Kwong was sticking with his "buy" call on Spartan Delta. The shares could then be had for $3.18. The Globe reported on March 22 that Desjardins analyst Chris MacCulloch had reaffirmed his "buy" recommendation for Spartan Delta when it could be had for $3.61.