GREY:DPGYF - Post by User
Post by
jerrybeon Nov 10, 2014 1:00pm
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Post# 23113887
Not quite sure who is selling...
Not quite sure who is selling...My best guess is that investors are still worried about this quarter's numbers (DEE had to deal with a landslide near the production facilities which curtailed processing for a few weeks)...and the fact that they have high leverage.
I bought last Thursday...slightly frustrated at seeing it fall again by a whopping 7% on no firm-specific news.
Well, the conference call is on Thursday. I am going to be prudent and only add to this one if I really like what I hear. There should not be any bad surprises given the operational update given at the end of October.
As I said earlier, this is a leveraged play on the Montney. Production has improved dramatically over the last couple of years. This has led the firm to push forward on its drilling program. It owns processing facilities in the region, the growth path is extremely clear (check latest investor presentation).
The question that still remains is related to commodity prices...NG ramped up significantly for short-term maturities (winter prices), which is a positive. Oil remains weak. OPEC meeting at the end of November, maybe more clarity by then on that front.
GLTA!