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.

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Delphi Energy Corp.

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Comment by ElJon Jul 29, 2009 3:43pm

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Post# 16176187

RE: RE: RE: RE: Re: 6 x Earnings

Thanks Mooreman for the "heads-up" on Delphi Q2 results.... I just got back from vacation on July 24th. As identified by DElphi Energy in their Q2 results on SEDAR "For the 3 and 6 months ended June 30, 2009 the stock options were anti-dilutive (avg. convert price $1.40)...... I had used all the 7.238 million o/s options (including the 2.557 million issued during Q2, 2009) in calculating my expected fully diluted cashflow per share and my second error was a pleasant surprise to me on the production side where I had allowed too much for planned maintenance especially on the NGL side by close to 200boe/d.
We probably have very similar perspective on Delphi as a value investment over the coming couple of years, but short range(6 month horizon) the price of NG as a commodity will determine....... I hope for many people's sake that the hurricane season is not unusually difficuly,
Best regards,
ElJ

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