Bullboard - Stock Discussion Forum 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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GREY:DPGYF - Post Discussion

Delphi Energy Corp. > Ripe for takeover ??

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Post by Bjshort on Mar 29, 2017 7:05pm

Ripe for takeover ??

Lots of action on DEE lately and announcement anyday is my bet...

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Comment by profittaker1 on Mar 30, 2017 6:33pm

Maybe in a year. They will want to really see what production growth trajectory they can go on going forward and what the price of oil will be in a balanced market prior to selling in my opinion. If they are set to hit $2.50 next year and maybe get $3/share why would they agree to a $2 buyout now? They did a jv for a reason.

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Comment by not4anymore on Mar 30, 2017 7:49pm

FWIW, it is the major shareholders that make the decisions going forward. I have to assume that they are not all that happy with the recent results.

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Comment by profittaker1 on Mar 30, 2017 8:54pm

@not4anymore, the last 2 wells produced a combined IP30 of 3574 boe/d, with 1906 bbls/day in liquids. What were you expecting?

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Comment by not4anymore on Mar 30, 2017 9:35pm

First of all I am a shareholder and likely have more paper than you. Now, the lastest results were not good and I am not surprised the sp was spanked. The market (an me) do not rely on IP30's. Give your head a shake. And yes, I COULD BE A PROFITTAKER, but not yet.

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Delphi Energy Corp.