DFRAn institution wanted out and they blew out there shares. Plain and simple. There is nothing wrong with this company and with current production at 1400 BOPD it is a steal at these prices. I know someone who is real close with management and he told me and his son to buy at any price below 2.40. They did a flow through at 3.60 so the long term shareholder will be rewarded.
Look at the buyers who stepped up to the plate below 2.00, they were scrambling in to buy more shares. I sure took advantage of the drop.
This income trust ruling is not helping these junior deals one bit. HYD CZE DEE DFR all down in the dumps right now but this will change. Has anyone noticed the record draws in natural gas in the last two weeks ? 176 billion cubit feet two weeks ago and 186 billion cubit feet last week. Another few weeks and reserves will be getting down there and gas prices will begin to spike up.