Delphi Energy Corp. DPGYF

Q2 Report... Debt to be Reduced $41Million by Year End

[RichyRich$]

It looks positive boys. Notice... their forecast is to lower 2018 to 2019 year end debt by 20% to 25%. That means 2019 Year End Net Debt is expected to be only $141 Million. A $41 Million reduction in debt year over year! And if you anticipate Operating Cash Flow at $50 Million +.... that means the Debt to OCF ratio will be well below 3:1 which is considered healthy. Today's share price is like the company went bankrupt! Yet the financials are all positive with debt to be reduced $41 Million year over year! Plus next year condensate sales through Chicago will increase from 60% to 90%. Also... notice in the previous non-core asset sale of the pipeline access... that they mentioned there's strong interest and might sell more non-core assets with potential for $30 Million more. If they did that... the $141 Million year end debt would be reduced another $30 Million down to $111 Million total net debt. With Operating Cash Flow above $50 Million/year... the Debt to OCF ratio would be around 2:1. Extremely attractive and this should be a 10 Bagger with those numbers! 10 X Gain in share price! Hold this puppy long boys. As the LNG and Transmountain pipelines near completion in 2022... money will flow to the whole Canadian Energy Sector very soon. This puppy will fly!