Delphi Energy Corp. DPGYF

I'm Out of Delphi. All In Bellatrix Now.

[RichyRich$]

I did the math. Delphi fckd us over. After the consolidation 30M shares at 15:1 share price. The P/B will be .34 at todays share price equivalent. With BXE the P/B is only .025 today. Plus with DEE's market cap higher after consolidation, it would be only 4.9X Gain to the Past 5-Year Average Market Cap. With BXE it's a whopping 16.7X Gain to its 5-Year Average Market Cap! The upside potential is way higher with BXE at this point. And stocks usually trend down for months after a consolidation. With BXE that bloodbath is done with from its consolidation being 6 months ago. That was the one thing I thought was good about Delphi... thinking management wouldn't fck us over with dilution. The last quarter report conference call they made it sound like they would hold off on exploration and that the 4 new wells were good enough to aggressively pay down debt organically this year. No signs of a private placement dilution. Too good to be true. Come join me at Bellatrix BXE.TO.

[mercedesman]

You're too flip-floppy Richy I'll take my 8 cent Dee's and trade them in for the equivalent of .11 cent Dee's at the end of November for a 37.5% ROI (new investors, or average downers, can play this game too, provided there are any 8 centers left to be had) Even with that equivalent of 11 cents in hand, I will likely hold given that Dee has avoided a liquidity crisis (downside

[Raymondjames]

Buy the Note. 

[stocktends22]

This post has been removed in accordance with Community Policy

[pennydredful]

With    DEE     you    have  a  large   shareholder   with   skin   in   the  game    plus    their   debt    is  more      manageable    in      Cdn. 

[Raymondjames]

Shares started to move hitting 10 cents then falling  off late in day.   It is cheap.  So are the Notes.  Schneider is paying 75 for 10% no warrants. You can pick off the notes at 80 plus 700 warrants at .149 for each $1000 principal note. The yield is 12.5% and you will be paid. 

[maldwyn]

Great timing you left 20% on the table. You were in BXE before the consolidation and it isn't through dropping yet. Why would it be any better this time ? Dee at least has a plausible plan, although I am waiting for the post-consolidation drift downward, combined with October and tax loss selling.

[pennydredful]

It    seems    that     BXE     is  insolvent    as   their   debt  holders    advanced   them    15M   to   keep   the   lights     on.    and    the  whole

[Chris007]

Just saw the recent developments regarding BXE today...I guess 1 week on, this post sure did not age well

[Raymondjames]

The recapitalization deal is good for Note holders and good enough for shareholders. The alternative was an asset sell off with note holders getting 90 cents on the $1. 

[Chris007]

You do realize BXE filed for creditor protection yesterday? I dunno how shareholders getting wiped out is a good thing...

[Raymondjames]

You misunderstood my post. Dee shareholders were going to get zippo if this deal didn’t materialize. I have no comment on Bxe. 

[Chris007]

I was responding to Richys post last week saying he was going all in for BXE. That didn’t turn out well, if he actually ended up doing  what he said he was going to do.

[Kruithof]

6c?

[Raymondjames]

Cheap. Buy the notes. 

[Kruithof]

Not buying anything to do with this company ever, lost enough, 4$ to 6c, what a winner, probably be bankrupt within a month. Delphi = lose all you're money

[Raymondjames]

 I understand your pain. I am not long the equity but at .06 with the white knight paying .11 and 75 on the Notes, it is a no brainer. Not going bankrupt with Luminous recapitalizing $45m.  Better bet now than 3 months ago. 

[mercedesman]

Rj...do you see any risk that the white knight backs out? TIA MM

[Raymondjames]

The Notes and Equity subscription receipts are closed. Can't buy it even if you wanted to. Done. 

[Kruithof]

.05 c buy up, maybe it will be 4c tomorrow

[Kruithof]

Just garbage

[Raymondjames]

May get to 3 cents with a disgruntled shareholder maximizing his tax loss selling but you won't remember if you paid 3,4,5 or 5.5 cents when it goes to 20 cents. Like I said, Luminous is doing everyone a favour here.  $43 m paid for a market cap of $15m. 

[Kruithof]

Garbage, natural gas is to expensive to bother with, the biggest companies have tried and lost billions in bc and alberta, we got no pipeline and the us produces it allot cheaper. Plus the management pays themselves way to much while the stock just drops, way to look after the dam shareholders that give them all the money. They laugh and we suffer, were dumb and they are smart, no amount of money