Delphi Energy Corp. (DEE.TO) Buy, Sell or Hold

Delphi Energy Corp. (DEE.TO)

0.35

-0.00 (0.00%)

as of May 21, 2020, 8:00:00 pm Market Open.

59 watching

HOLD

Heavily weighted to natural gas. Has a high debt load, but manageable. Volumes of production have not gone up higher than expected.

DON'T BUY

This is the season where you want to buy companies where stocks are weak. Would not be his first choice. Recently did an issue to raise capital. Have been spending money but it hasn't worked out well.

SELL

Quite negative on this stock. The company has a debt problem Natural gas prices are quite low right now and it is having to sell assets at lower prices to pay down its bankers.

HOLD

Just reported. Production increased 23% but the market was looking for much more. A very high debt load and will only generate about $60 million of cash flow. Debt to cash flow is 2:1. If gas price recovers to $9, debt won’t be as much of an issue.

HOLD

This company has been punished by the commodity call. They have balance sheet problems and lots of debt. But they have lots of assets and he thinks they will survive. Recommends staying with them.

BUY ON WEAKNESS

Like a number of juniors, it has found its expenses going up and production numbers declining. Likes management and their slate of assets.

DON'T BUY

A little bit negative on some of the auto part players.

TOP PICK

Current production is 6400 BOE’s a day. Focused on natural gas. Have a deal with Encana where they've got access to their lands. Will be about 7000 BOE’s a day in the 2nd quarter exiting the year at 8000. Have at least 3/5 years of work ahead of them. Buy and hold for a couple of years.

BUY

Has a good future in front of it. They have some “ behind pipe” production is well as some plays that look very interesting. Well managed.

BUY

Made a few acquisitions in the past few months that gave it a leg up. Thinks it's still going higher. One of the cheaper stocks out there. Well managed. Pretty good asset base.

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Delphi Energy Corp. (DEE.TO)