Delta Petroleum Corp. (NASDAQ:DPTR)
CAPS Rating:
The Company is engaged primarily in the exploration, acquisition, development, production and sale of natural gas and crude oil.
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The Company is engaged primarily in the exploration, acquisition, development, production and sale of natural gas and crude oil.
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I like NatGas as an investment for the long term (2-4 yrs). Used by industry, heating, and primary source for electricity generation.Encouraged by consistently high DPTR trade volume. Large number of proven reserves (columbia River Basin, Delta has over 20% of the total land acreage tied up) and a expansive number of prospective drilling assets in development. By nature I'm a value investor, I think this is a winner in the long term, especially at the current price.
Check out H.R. 18.35
http://www.ngvc.org/pdfs/HR1835NATGASActLBillIntroduced.pdf
http://seekingalpha.com/article/129526-h-r-1835-legislation-for-natural-gas-transportation
Lower natural gas is actually a good thing as it convinces more power generator companies to switch to natural gas as it not only cleaner but much cheaper. Lower natural gas prices can be only be good for the DPTR in the long run.