GREY:DONYF - Post by User
Post by
countrysquireon Oct 01, 2013 12:36am
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Post# 21780204
OGIB
OGIBKS's take is that DCK has a downside of 30-40 cents and an upside of multiples. It is his 4th fave out of the two dozen stocks in his portfolio. The top two are services firms, which I don't touch.
The Montney is getting warmer, but has yet to get hot--in investment terms. Kakwa and Wapiti are the prime areas of the Montney, and that's where DCK is. If LNG is built up and out on BC's coast, it is a bonus to stocks like DCK; the first strength in price will come from the sale of condensate used to push oil south through the pipeline.
It takes patience two watch DCK linger, but I would argue the stock is merely building TORQUE. The way I see it, by purchasing DCK, I own acreage in an early but HUGELY promising play, one which could break loose into a flurry of mergers and acquisitions at any time.