Post by
RichyRich$ on Jul 25, 2019 1:53pm
The Whole Canadian Energy Sector Bottomed
For all the chickens out there selling. Understand that money is ready flow into the whole sector for a longterm trend reversal. There's nothing wrong with Delphi, it's the whole sector. Look at the S&P/TSX Energy Index. It now triple bottomed to the low from Dec 2018 and from 2015. This low is also the same low from 2003 before the big bull rally. So the whole Canadian Energy sector is down to a 2003 low. A multi decade low. As this sector rebounds... large money will start buying up Delphi as Long Hold money. You'd be crazy to sell now! No more bankruptcy risk. Debt was extended and to be paid down by the noncore asset sales and higher production from the new wells and more to come. Every quarter report from here on will get better and better.
Comment by
Raymondjames on Jul 25, 2019 4:05pm
Agreed. Great asset. Wrong timing on the build out of the plants. Would still rather own the Notes.