{
 "as_of": "2026-11-06",
 "cmr": "ca-cm-kg/TSX/SDE",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# Spartan Delta Corp. (TSX: SDE) — research page\n\nAs of 2026-11-06 · ca-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is Spartan Delta Corp., listed on the TSX under ticker SDE, with LEI 894500P97DX8Q6G1OU04. The ISIN is not on the record. Its security type is Corporate, its segment is not on the record, its sector is Oil & Gas, and its jurisdiction is Alberta (CA-AB). Its listing status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 14 filings in the twelve months to 2026-11-06, across 10 filing days, of which 4 are financial statements and 10 are newswire releases. The median gap between filing days is 29 days. The latest filing is dated 2026-11-04, 2 days before the record date, and is a newswire release. The TSX median cadence gap is 16 days and the TSX median latency is 3.0 days, against 2270 issuers. The Oil & Gas sector median cadence gap is 17 days, the sector median filings count is 13, and the sector median latency is 5 days, against 113 issuers. The issuer's 14 filings are above the TSX median of 0.0 filings and above the sector median of 13 filings is not stated as a comparison here, as the sector median is 13 and the issuer's count is 14.\n\n## Auditor\n\nThe auditor of record is PricewaterhouseCoopers LLP. Its location is not on the record. The record holds no auditor changes.\n\n## Events and halts\n\nThe record holds no listing, delisting, domicile change, name change or segment move events. The issuer is listed, not halted.\n\n## Orderability\n\nUnder rule version acm-68000/ca/kyp-know-your-product-ni-31-103/r1, with the chapter as of 2026-11-04, the outcome for Paragraph (o) of the definition is signal ACM-200, determinable. The outcome for Paragraph (q) of the definition is signal ACM-200, determinable.\n\n## Coverage\n\nThe issuer's own investor-relations page names 12 research houses: ATB Capital Markets, BMO Capital Markets, CIBC Capital Markets, Desjardins Capital Markets, Haywood Capital Markets, National Bank Financial, Peters & Co., RBC Capital Markets, ROTH Canada, Scotia Capital, TD Securities Inc., and Ventum Capital Markets.\n\n## Open research\n\nNo openly published research notes are on the record. None was found.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe market's vintage is not sealed. No issuer years are sealed. The live record began on 2026-09-10. Years 2021 through 2026 are sealed in the store but are not served as of a date; the as-of door answers not_sealed.\n\n## Sources\n\n9 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.tsx.com/json/company-directory/search/tsx/^* (identity.exchange)\n- https://api.gleif.org/api/v1/lei-records/894500P97DX8Q6G1OU04 (identity.jurisdiction)\n- https://www.tsx.com/en/resource/571 (identity.sector)\n- https://mcp.ca-cm-kg.ai/events/TSX/SDE (the disclosure lines)\n- https://iiroc.mediaroom.com/index.php?s=2429&l=100 (the halt flag)\n- https://horse-chimes-5sf9.squarespace.com/s/SDE-2022-Annual-Financials-FINAL.pdf (the auditor)\n- https://mcp.ca-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://www.spartandeltacorp.com/analyst-coverage (coverage)\n- https://mcp.ca-cm-kg.ai/record/TSX/SDE (the record)\n",
 "market": "CA",
 "node": "ca-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": "2026-09-10",
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "6 years are sealed in the CA store; their Replay split is not built, so the as-of door answers not_sealed and the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false,
   "store_years_sealed_not_served": [
    "2021",
    "2022",
    "2023",
    "2024",
    "2025",
    "2026"
   ]
  },
  "auditor": {
   "auditor": {
    "read_by": "Tavily regex",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://horse-chimes-5sf9.squarespace.com/s/SDE-2022-Annual-Financials-FINAL.pdf",
    "state": "sourced",
    "value": "PricewaterhouseCoopers LLP"
   },
   "auditor_firm_id": {
    "market": "CA",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "CA",
    "state": "not_on_record"
   },
   "changes": []
  },
  "cmr": "ca-cm-kg/TSX/SDE",
  "coverage": {
   "count": 12,
   "houses": [
    {
     "analyst": "Patrick O’Rourke",
     "house": "ATB Capital Markets",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.spartandeltacorp.com/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Jeremy McCrea",
     "house": "BMO Capital Markets",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.spartandeltacorp.com/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Chris Thompson",
     "house": "CIBC Capital Markets",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.spartandeltacorp.com/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Robert Mann",
     "house": "Desjardins Capital Markets",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.spartandeltacorp.com/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Christopher Jones",
     "house": "Haywood Capital Markets",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.spartandeltacorp.com/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Dan Payne",
     "house": "National Bank Financial",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.spartandeltacorp.com/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Conrad Bereznicki",
     "house": "Peters & Co.",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.spartandeltacorp.com/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Michael Harvey",
     "house": "RBC Capital Markets",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.spartandeltacorp.com/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Christopher True",
     "house": "ROTH Canada",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.spartandeltacorp.com/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Chris MacCulloch",
     "house": "Scotia Capital",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.spartandeltacorp.com/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Aaron Bilkoski",
     "house": "TD Securities Inc.",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.spartandeltacorp.com/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Adam Gill",
     "house": "Ventum Capital Markets",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.spartandeltacorp.com/analyst-coverage",
     "state": "sourced"
    }
   ],
   "pages_checked": [
    {
     "page": "https://www.spartandeltacorp.com/analyst-coverage",
     "result": "read: 12 of 24 named houses found on the page"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": "not stated on the page read",
   "state": "found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 2270,
     "median_cadence_gap_days": 16,
     "median_filings": 0,
     "median_latency_days": 3,
     "name": "TSX"
    },
    "sector": {
     "issuers": 113,
     "median_cadence_gap_days": 17,
     "median_filings": 13,
     "median_latency_days": 5,
     "name": "Oil & Gas"
    }
   },
   "by_type": {
    "financial_statement": 4,
    "newswire_release": 10
   },
   "cadence_median_gap_days": 29,
   "filing_days": 10,
   "filings": 14,
   "latency_days": 2,
   "latest": [
    {
     "category": null,
     "date": "2026-11-04",
     "source": "https://www.newswire.ca/fr/news-releases/spartan-delta-corp-announces-third-quarter-2026-results-updated-2026-capital-program-2027-guidance-and-increases-duvernay-production-target-892693477.html",
     "title": "SPARTAN DELTA CORP. ANNOUNCES THIRD ...",
     "type": "newswire_release"
    },
    {
     "category": null,
     "date": "2026-11-03",
     "source": "https://www.newswire.ca/news-releases/spartan-delta-corp-announces-third-quarter-2026-results-updated-2026-capital-program-2027-guidance-and-increases-duvernay-production-target-892693477.html",
     "title": "SPARTAN DELTA CORP. ANNOUNCES THIRD QUARTER 2026 RESULTS, UPDATED 2026 CAPITAL PROGRAM, 2027 GUIDANCE, AND INCREASES DUVERNAY PRODUCTION TARGET",
     "type": "financial_statement"
    },
    {
     "category": null,
     "date": "2026-11-03",
     "source": "https://www.newswire.ca/fr/news-releases/spartan-delta-corp-announces-third-quarter-2026-results-updated-2026-capital-program-2027-guidance-and-increases-duvernay-production-target-892693477.html",
     "title": "SPARTAN DELTA CORP. ANNOUNCES THIRD QUARTER 2026 RESULTS, UPDATED 2026 CAPITAL PROGRAM, 2027 GUIDANCE, AND INCREASES DUVERNAY PRODUCTION TARGET",
     "type": "financial_statement"
    },
    {
     "category": null,
     "date": "2026-07-29",
     "source": "https://www.newswire.ca/news-releases/spartan-delta-corp-announces-second-quarter-2026-results-increased-2026-guidance-and-operations-update-835937996.html",
     "title": "SPARTAN DELTA CORP. ANNOUNCES SECOND QUARTER 2026 ...",
     "type": "newswire_release"
    },
    {
     "category": null,
     "date": "2026-05-15",
     "source": "https://www.newswire.ca/news-releases/spartan-delta-corp-reports-voting-results-of-annual-general-and-special-meeting-of-shareholders-882353569.html",
     "title": "SPARTAN DELTA CORP. REPORTS VOTING RESULTS OF ...",
     "type": "newswire_release"
    }
   ],
   "latest_filing_date": "2026-11-04",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.ca-cm-kg.ai/events/TSX/SDE",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "tsx.com company directory (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.tsx.com/json/company-directory/search/tsx/^*",
    "state": "sourced",
    "value": "TSX"
   },
   "isin": {
    "market": "CA",
    "reason": "no ISIN found on issuer pages",
    "state": "not_on_record"
   },
   "jurisdiction": {
    "read_by": "GLEIF LEI record (LEI per the LEI column)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://api.gleif.org/api/v1/lei-records/894500P97DX8Q6G1OU04",
    "state": "confirmed",
    "value": "Alberta (CA-AB)"
   },
   "lei": {
    "read_by": "GLEIF name-exact",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://api.gleif.org/api/v1/lei-records/894500P97DX8Q6G1OU04",
    "state": "sourced",
    "value": "894500P97DX8Q6G1OU04"
   },
   "name": {
    "read_by": "tsx.com company directory (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.tsx.com/json/company-directory/search/tsx/^*",
    "state": "sourced",
    "value": "Spartan Delta Corp."
   },
   "sector": {
    "read_by": "TMX listed-companies workbook (exchange list, monthly; data month named in the source column)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.tsx.com/en/resource/571 (tsx-and-amp-tsxv-listed-companies-2026-08-14-en.xlsx, data as of 31-Jul-2026)",
    "state": "sourced",
    "value": "Oil & Gas"
   },
   "security_type": {
    "read_by": "TMX listed-companies workbook (exchange list, monthly; data month named in the source column)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.tsx.com/en/resource/571 (tsx-and-amp-tsxv-listed-companies-2026-08-14-en.xlsx, data as of 31-Jul-2026)",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "market": "CA",
    "state": "not_on_record"
   },
   "ticker": {
    "read_by": "tsx.com company directory (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.tsx.com/json/company-directory/search/tsx/^*",
    "state": "sourced",
    "value": "SDE"
   },
   "website": {
    "market": "CA",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": [],
   "domicile_change": [],
   "listing": [],
   "name_change": [],
   "segment_move": []
  },
  "market": "CA",
  "node": "ca-cm-kg",
  "numbers_hash": "sha256:22f51b6793a277a1c735f21003acc02d08fff9e58142fcbe358c60544eb17049",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [],
   "state": "none_found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [
    "Paragraph (o) of the definition",
    "Paragraph (q) of the definition"
   ],
   "outcomes": {
    "Paragraph (o) of the definition": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "Paragraph (q) of the definition": {
     "determinable": true,
     "signal": "ACM-200"
    }
   },
   "read": {
    "basis": "one live read per instrument class, halt state and client category on this market; this issuer's group",
    "chapter": "https://mcp.ca-cm-kg.ai/book/aio.json",
    "door": "https://mcp.ca-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "rule_version": "acm-68000/ca/kyp-know-your-product-ni-31-103/r1",
   "section": "ca.aio.v11"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.ca-cm-kg.ai/record/TSX/SDE",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-08",
   "source": "https://iiroc.mediaroom.com/index.php?s=2429&l=100",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:22f51b6793a277a1c735f21003acc02d08fff9e58142fcbe358c60544eb17049",
 "path": "/ca/TSX/SDE",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is Spartan Delta Corp., listed on the TSX under ticker SDE, with LEI 894500P97DX8Q6G1OU04. The ISIN is not on the record. Its security type is Corporate, its segment is not on the record, its sector is Oil & Gas, and its jurisdiction is Alberta (CA-AB). Its listing status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 14 filings in the twelve months to 2026-11-06, across 10 filing days, of which 4 are financial statements and 10 are newswire releases. The median gap between filing days is 29 days. The latest filing is dated 2026-11-04, 2 days before the record date, and is a newswire release. The TSX median cadence gap is 16 days and the TSX median latency is 3.0 days, against 2270 issuers. The Oil & Gas sector median cadence gap is 17 days, the sector median filings count is 13, and the sector median latency is 5 days, against 113 issuers. The issuer's 14 filings are above the TSX median of 0.0 filings and above the sector median of 13 filings is not stated as a comparison here, as the sector median is 13 and the issuer's count is 14.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is PricewaterhouseCoopers LLP. Its location is not on the record. The record holds no auditor changes.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "The record holds no listing, delisting, domicile change, name change or segment move events. The issuer is listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "Under rule version acm-68000/ca/kyp-know-your-product-ni-31-103/r1, with the chapter as of 2026-11-04, the outcome for Paragraph (o) of the definition is signal ACM-200, determinable. The outcome for Paragraph (q) of the definition is signal ACM-200, determinable.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The issuer's own investor-relations page names 12 research houses: ATB Capital Markets, BMO Capital Markets, CIBC Capital Markets, Desjardins Capital Markets, Haywood Capital Markets, National Bank Financial, Peters & Co., RBC Capital Markets, ROTH Canada, Scotia Capital, TD Securities Inc., and Ventum Capital Markets.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "No openly published research notes are on the record. None was found.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The market's vintage is not sealed. No issuer years are sealed. The live record began on 2026-09-10. Years 2021 through 2026 are sealed in the store but are not served as of a date; the as-of door answers not_sealed.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "9 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.tsx.com/json/company-directory/search/tsx/^*"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://api.gleif.org/api/v1/lei-records/894500P97DX8Q6G1OU04"
  },
  {
   "for": "identity.sector",
   "source": "https://www.tsx.com/en/resource/571"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.ca-cm-kg.ai/events/TSX/SDE"
  },
  {
   "for": "the halt flag",
   "source": "https://iiroc.mediaroom.com/index.php?s=2429&l=100"
  },
  {
   "for": "the auditor",
   "source": "https://horse-chimes-5sf9.squarespace.com/s/SDE-2022-Annual-Financials-FINAL.pdf"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.ca-cm-kg.ai/book/aio.json"
  },
  {
   "for": "coverage",
   "source": "https://www.spartandeltacorp.com/analyst-coverage"
  },
  {
   "for": "the record",
   "source": "https://mcp.ca-cm-kg.ai/record/TSX/SDE"
  }
 ],
 "title": "Spartan Delta Corp. (SDE) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}