Delta Petroleum Corp. (NASDAQ:DPTR)
The Company is engaged primarily in the exploration, acquisition, development, production and sale of natural gas and crude oil.
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Recs
This stock has lost 1/3 of it's value in the past 3 months. This is largely due to gas prices in the rocky mountain region plumeting to about $1 per Mcf. In Jan 08 a 42" pipeline will open to Misourri where the current price is more than $5. This plus increased winter ng demand will cause DPTR to go up.
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The company is completing work on new infrastructure to be able to offer cheaper gas to a wider market, plus as winter comes in any increase in gas prices will likely have a much larger impact on DPTR
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Recently beaten down, and currently trading at 51% of calculated intrinsic value.
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stk can erase most of negative retained earnings this yr. big dip in 06 was artificial just repricing reserves required by sec at dec 31; not cash transaction. could reverse much of that in 07 if prices up at dec 31.
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explorations will begin to pay off. ?buy out
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focus is off oil, and the dollars will go with it. trades at a high multiple.
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management is tight. stock has come off it's rediculous levels to be inline with expectations.
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Dems hate our self reliance on energy. Why? Don't know. Stupid I suppose. There are plenty of new sites for crude and natural gas in this country or off shore. Repubs don't have the guts, dems don't have the smarts. Sorry DPTR
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Waiting for update on drilling project. Business is strong, stock suffering decline in oil prices
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New unannounced oil wells and a general buzz here in Utah.... It's happening...
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trading markets
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Drilling rigs waiting for to capitalize on new Utah oil fields.
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This could be a 10-bagger from here. Cheap stock with HUGE upside potential if even small percentage of Washington or Utah work.
Riskier bet in Nat Gas land but big upside.
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DPTR has the potential for two major energy finds, one oil, one gas. This will raise the price of the stock signifigantly.
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Will move North significantly within a year.
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