Delphi Energy Corp. DPGYF

RE:RE:RE:Prediction

[Raymondjames]

Agreed. The note holders own the assets which are good assets. Cash flow from the increasingly condensate based production (and assuming wti doesn’t fall to $40) is sufficient to cover debt payments. I would not at all be surprised If the notes trade closer to par after a potential deal. Would likely need to add 2 points to the existing notes to make it happen. At 80 cents, you are looking at 14% a year and another 20% potential upside.