Delphi Energy Corp. DPGYF

RE:Took a position!

[mercedesman]

Briggsie1 wrote: Took a small position here today. With the lastest developments and injection of cash this should prove to be a great trade going into the season for cooler temps and higher prices. Any thoughts on this would be appreciated.

I bought some 5 and 1/2s the other day.   Average cost now below Luminus' theoretical buy-in price (pre-split).   I figure that Luminus has a much better optic on the situation than I do, and they are plunking down alot more $. In all my investments I follow the smart money.  The cash injection and debt repayment pushout, not only extends the clock and provides much needed working capital, it also allows them to unlock value in their properties.  It's not without risk, but I really like the risk/reward ratio here.

Not expecting the price to advance materially until late this year, early next, after most retail investors have either finished licking their wounds and/or they are done with tax loss selling.

No risk, no reward.  Definitely blood on the streets in oil and gas.

MM