Huge potential/little downside risk Management ownership is 39% according to the company powerpoint presentation (current as of April 2013). With only 20 million shares outstanding the float is very low as we can see on the asks. Some of the volume is going into strong hands as well like the insititutional buying we are starting to see.
CXO came out with outstanding results. They have 39 million outstanding shares (DBV has 20 million). CXO market cap is currently $63 million on one hole and Kaiser is calling for $3 to $10 this summer (I imagine this is based on more similar results).
If DBV comes out with similar results their stock price for a market cap of $63 million would be $3.15 right now!
DBV management is very optimistic. I have heard that their property is better the CXO's and the drill will tell the story.
See the potential? The CXO story is hot and people are looking for the next success story in this region. With a current market cap of $2.6 million there is little downside risk but huge potential.
Got DBV?