GREY:DPGYF - Post by User
Comment by
jerrybeon Aug 11, 2015 6:21am
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Post# 24005943
RE:Good Q2
RE:Good Q2Was it a good Q2?
I just read it and did not find it inspiring. Basically, in complete "turtle" mode...super low capex, no expansion of PPP this year given the "infill" drilling close to existing production.
Yes, it is the safe approach in this environment. But there is no production growth, no reserve growth and no new well results (still waiting on the results for the one they finally fracked).
Bigstone is a good asset. The asset sale of Wapiti was a positive. Hedging seems quite high. But in the meantime, there is no catalyst, except for a sale of Hythe, which, in this current environment, will not get much.
Basically, a complete holding pattern for the next six months, at least, probably more. EV of $300M, that is a lot. I do not expect the stock to perform well in the coming months unless commodities rebound significantly. GLTA!