Post by
RichyRich$ on Jul 15, 2019 3:33pm
Buyout Potential... Could Quadruple Overnight Any Day
Delphi has always been a Buyout Target with nearby competitors and with it's close proximity to the LNG Canada Pipeline. Delphi management has proven to be good to its shareholders without issuing new shares dilution and reverse splits. When the time comes for a buyout, and with hype around LNG Canada, Delphi management and the board won't accept any low ball offers. Regardless... we don't have to rely on a buyout. The new wells in production and more to come will improve financial stats every quarter and pay down debt. Plus they will sell more non-essential assets for $30 Million more to pay down debt. They said they had high interested inquiries. This shall continue to trend up. Topadvisor is right... what has changed since it was higher... other than new wells in production now! This should not be this low! It was bankruptcy fear if debt wasn't extended... but now that risk is gone! Also... the nearby competitors are going to have results on a deeper 3d layer soon. Remember in Q1 Conference Call they said many eyes are watching what those results will be. If the 3d layer is good... it would multiply Delphi's potential reserves because their topography is similar.
Comment by
RTO on Jul 16, 2019 9:44am
At RichyRich$; thats why I like the warrants. With 2 years to go (literally to the day), we can assume that we will not be at these levels then. I don't want to expose the capital required to buy the shares, but still want to benefit with a higher percentage gain on the momentum while I wait for it to explode. Long DEE.wt