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Delphi Energy Corp. DPGYF

Energy
Delphi Energy Corp is a mining company. It is engaged in the acquisition for an exploration, development, and production of crude oil, natural gas and natural gas liquids in Western Canada. The company's core area is uniquely positioned in the Deep Basin of Bigstone in northwest Alberta.


GREY:DPGYF - Post by User

Delphi Energy Corp.
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Comment by jerrybeon Jun 01, 2015 4:54pm
100 Views
Post# 23786167

RE:RE:RE:Gamble

RE:RE:RE:Gamble I expect a fire sale of those assets. They will help but selling them now (with NG at $2.5) means they will really not get much for them.

The firm is stuck in a holding pattern for now. Very low drilling expenditure, staying within cash flows and waiting for things to improve. 

Dead money until a rebound...given the high leverage, it could rebound nicely at some point but I am not adding more and do not expect any significant upside until 2016.

Check out LNREF. I have been buying that stock. Also highly leveraged but 80% oil out of the EagleFord. Finally a SA article to boost the stock price since the reverse split...these SA articles tend to push stock prices higher for a few days. I will wait for it to go down again somewhat.

GLTA!
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities