DXI Capital Corp. (DXIEF)

[drjohn12]

http://scr.zacks.com/files/Nov-2-2015_DXI_Ralston.pdf


Thanks Harold33272. A lot to absorb there. looks pretty positive.

[Harold33272]

$2.07 new 6 month price target for DXI Energy per Zacks Research report issued this afternoon.

http://scr.zacks.com/files/Nov-2-2015_DXI_Ralston.pdf

[drjohn12]

Well, I can't access the website. Seems the facebook is still available.

https://www.facebook.com/dejourenergy

https://finance.yahoo.com/news/dejour-energy-inc-announces-completion-210500954.html

[drjohn12]

Are we still going to a dollar? :/

[drjohn12]

Thank you IHUB for the new DXI board!

[mongoose64801]

I WISH there was good news coming, but where would it come from? At $2.40 NG they are not likely to get a loan to drill Roan Creek. They need to pay down the debt from Bob's loans that they used to complete the KoKo wells. The KoKo wells were too late to help 3rd Qtr numbers. I actually think Bob has done a credible job maneuvering this company in tough times, but I also think that for investors, this is dead money for another year.

[mick]

i do like this one, 1 to 5 keep listed ?????

re;
The r/s has been approved "if needed" for several years, but this is the first r/s. I suspect also that the name change is at least partially meant to mitigate the association with DEJ that the r/s carries with it. We'll see how that all plays out since 1:5 just achieves a $.50 stock. I'd think there's more (good?) news coming once this finalizes, at least I'd hope so!

[hillzman]

The r/s has been approved "if needed" for several years, but this is the first r/s. I suspect also that the name change is at least partially meant to mitigate the association with DEJ that the r/s carries with it. We'll see how that all plays out since 1:5 just achieves a $.50 stock. I'd think there's more (good?) news coming once this finalizes, at least I'd hope so!

[mick]

thank you, 'Dejour Energy Inc. (DEJ)' didn't mgmt do one back ah few.

[opptrader]

1 share for every 5 shares owned

[hillzman]

Will start trading as DXI and new website on Friday 10/30.
http://www.dejour.com/perch/resources/dej-news-release-october-27-2015-final.pdf

[mick]

Dejour Energy Inc. L (DEJ)
0.1 ? -0.0046 (-4.40%)
Volume: 133,702 @ 3:58:11 PM ET

Bid Ask Day's Range
- - 0.1 - 0.1089

DEJ Detailed Quote Wiki


DEJ News: Report of Foreign Issuer (6-k) 10/23/2015 02:53:53 PM
DEJ News: Report of Foreign Issuer (6-k) 10/15/2015 06:02:49 AM
DEJ News: Report of Foreign Issuer (6-k) 09/29/2015 06:02:56 AM
DEJ News: Report of Foreign Issuer (6-k) 09/15/2015 06:03:25 AM
DEJ News: Report of Foreign Issuer (6-k) 08/12/2015 06:03:26 AM

[mick]

how big is reverse split ?????

[opptrader]

That is easy enough--thanks man

[hamiltonstrueheir_3]

i called scottrade. they maken the switch. it may be immediate or may take a few days to show up on your log-in screen.

[Patrickx72]

Yes, that its the absolutly reality.. the falling embargo about iran and de hugh el ninio in the pazifik helps to bring the price down.. but we never no.. the things chance very very fast in this times...

Gl to all!

[hillzman]

So true. Current O&G prices make it difficult to justify capex for new development/exploration, which is exactly what DEJ/DXI needs to be doing to survive going forward. Quite a quandary for sure!

[Patrickx72]

I think this was the only possible time to due it.. with great news..

But wats make the presure now its the NG price.. ~ 2.40 its terrible! And the wintertime its in the door front.. that its really bad..

[hillzman]

"This one is turning out to be a tough hold." Agreed. Just wish I had sold with the bump up from the pr!

[mongoose64801]

Sad but true. AFTER the reverse split we may have a stock price of .50-.60. I don't think that will satisfy NYSE requirements. Hope Bob has something else up his sleeve. They were so late getting the wells tied in I don't think 3 Qtr numbers will hold any happy surprises. This one is turning out to be a tough hold.

[hillzman]

So much for the above $.20 before 10/30. Rename and r/s have taken all the wind out of the great news we got for new-well production and anticipated reserve additions :(

[opptrader]

Anybody else use Scottrade? How does the share conversion work from DEJ to DXI? Hoping to save a phone call. Thanks in advance!

[Lone Wolf]

Today $DEJ ?

[hillzman]

"Seems like company is pretty darn positive this will be well above .20 between now and Oct 30th."

I certainly hope you're right about that. It is interesting that the r/s doesn't result in at least $1 at current sp. They've had an r/s approval for several years now. This may turn out good overall and over the longer-term assuming they are able to satisfy cash flow and future development needs through revenues and JV's. The Coachman deal was very good, and terms for new projects should be increasingly favorable to DEJ/DXI, again assuming comparable results. DEJ does have the bridge loan(s) to deal with along with other cash requirements, so I wouldn't be surprised to see an offering of some sort later this year. Anyway, at this point I'm holding and watching for what comes next. (???) GLTA

[Patrickx72]

Ok.. looks like the market its not disapointet with the dej plan..

To be over 1$ its not the only point to be in the US market.. but dej was very good to stay in contact with the US stock ex.. i think this its not really a problem for dej.. sorry for my bad english!

[Lone Wolf]

So here's the deal. It's a 1:5 RS. That leaves pps short of the $1 price requirement for NYSE listing. Seems like company is pretty darn positive this will be well above .20 between now and Oct 30th. Why is that? Hmmmmm....

[stockrush0]

Now i regret i didnt accumulate Dejour shares last week and invested instead in Trevali Mining who exploded about 60% on Friday. Since those shares are still up i have to sell a part probably to get cash for investing more in Dejour.

Question is whether people buy Dejour shares now in order to own more shares before the R/S. Then we might see a sharp upmove before the R/S. If things run the usual way share price might collapse then short before the R/S. Since this is not an OTC scam Dejour might not be affected from a scenario like this and shares go up again after R/S. Nevertheless there are many who might speculate on a sell/off then and try to bring the share price down with the shorts.

What do you think will be the scenario ?


I dont know whether i should be happy or totally angry. I know this R/S was overdue though.

Should i continue my sleep like in the last years or should i wakeup and react in time ? That is the question to not loose money.

If the O&G situation impoves significantly i would have no concerns really and would wait simply as befiore no matter whether there is an R/S or not.

[Patrickx72]

Bähhh i dont like R/S.. only positive i see that the 14cents are not based on speculations.. its still under the real value.. and maybe its only now the real right time to do it...

[mongoose64801]

I would tend to agree with you. They had to do the R/S to meet exchange compliance requirements. Of course they would hold off until after the KoKo news. A R/S does not automatically mean further dilution. These are very tough times in the entire O&G sector, but HOPEFULLY this little company has just secured their future with positive cash flow and will live to see better prices.
Until prices improve it is hard to see how they can develop much more of their properties so my concern is this stock is just dead money for another year.

[Lone Wolf]

[Lone Wolf]

Looks like shorts planned to take out positions here today. Stock was hitting intra-day highs on significant volume and as this was occurring in the latter half of the day, big lots started appearing on the ask under-cutting best pps. Was rather interesting. Still managed to close @ the HOD.

I haven't check futures. How are they looking tonight?

[Lone Wolf]

If this was the pinks, I would agree. Upper tier stocks don't typically react negatively to RS news as it's usually related to compliance with the exchange listing requirements. Also, a 1:5's not gonna scare anyone, particularly in light of the previous day's news.

if there was nothing to support the stock's strengthening, maybe, but recent events seem to be suggesting otherwise. I'm curious as to what others might think.

[hillzman]

We'll see what happens tomorrow, but I wouldn't be surprised to see a negative reaction to the rs/name change news. Most often an r/s puts a real damper on the sp, and for good reason. This may just backfire on DEJ (management/bod) and quite frankly IMO they would deserve it!

[hillzman]

They closed strongly based on the Koko news release. Then they reported after hours that they are throwing existing common shareholders under the bus with a name change and 1:5 rs. This sort of thing is way too common and just another reason to be leery of the current investment environment in companies of this type. If one has followed DEJ for a number of years its almost a given that just when things are looking up they (DEJ) come up with a way to kick existing shareholders in the you-know-whats.

[Lone Wolf]

Looks like they're expecting some exciting things up ahead. Guessing this is part of why $DEJ closed so strongly.

[Lone Wolf]

Looking forward the the start of what has the promise to be a very nice uptrend from here!

[Typhu]

Will down to 36m

[hillzman]

I guess here's your answer. New name and a 1:5 rs.
http://www.dejour.com/perch/resources/dej-news-release-october-15-2015-final.pdf

[Patrickx72]

Yes, that its really great.. but we still have the problem with 180mm outstanding shares.. any idea how to handle this problem?

[hillzman]

Excellent news! One of the better vertical Mancos wells, and a new reserve report coming to include the Mancos after EOY 2015. Nice!

[stockrush0]

Even i am here for a much higher share price it is nice to see the good performance. I am sure we will see days with a much higher volume. If O&NG price is going up significantly in the next months that would be another important factor.

[Lone Wolf]

...and no one's here to listen. lolzzz

$DEJ

[opptrader]

**8 mmcf/d? Is that a typo? Wow

[stockrush0]

*** News out yesterday ***


Dejour's Mancos Discovery..

Dejour's Mancos Discovery at Kokopelli Flows Over 8 MMCF/D

Dejour Energy Inc.
9 hours ago


VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct 14, 2015) - Dejour Energy Inc. (NYSE MKT:DEJ)(DEJ.TO) ("Dejour" or the "Company"), an independent oil and gas exploration and production company operating in North America's Piceance Basin and Peace River Arch regions, today announced an operational update for its flagship Kokopelli project.

As previously reported, on Kokopelli Pad 21B, Dejour and its operating partner successfully drilled, cased and completed a single vertical 13600' Mancos discovery well (Federal 14-15-7-21) and seven Williams Fork (WF) wells (Federal 14-15-1-21 through Federal 14-15-8-21) as contemplated in the original 2014 drill program. The deep Mancos discovery well completion incorporated 14 stages to best assess the multi-zonal potential of the leasehold.

Immediately upon drilling out the bridge plugs, the Mancos well flowed at over 8 mmcf/d (approximately 1300 BOE/d) with over 4000 psi casing pressure. A historical review of all the vertical Mancos wells in the Basin indicates that the Federal 14-15-7-21 is among the better vertical wells drilled to date. The well has been temporarily choked back to best analyze and align gas composition with current delivery systems. The seven WF wells are now collectively flowing an additional 6mmcf+/d plus liquids with at least 60% of completion fluids yet to be recovered.

Stabilized production rates for all eight wells will be reported during the current quarter. Based on preliminary data, the Company is confident in its forecast of adding at least 500 BOE/d in production profile to its working interest for this set of wells.

Dejour owns a 25% working interest in this multi-zonal production project. The ~2200 acre Kokopelli project could potentially host over 50 vertical Mancos wells in addition to 200 WF wells. A new independent engineering evaluation incorporating this Mancos reserve addition is expected to be available post YE 2015.

"The robust pressures and flow rates of this Mancos discovery well at Kokopelli exceeded our expectations and validates our commitment to the Piceance Basin. Coupled with the continual build in the flow rates of the new WF wells, we are confident that these successful operations have dramatically enhanced both Dejour's long term production profile and reserve value," stated Robert L. Hodgkinson, Chairman & CEO.

About Dejour

Dejour Energy Inc. is an independent oil and natural gas exploration and production company operating projects in North America's Piceance Basin (39,998 net acres) and Peace River Arch regions (14,444 net acres). Dejour maintains offices in Calgary and Vancouver, Canada. The company is publicly traded on the New York Stock Exchange Amex (NYSE MKT: DEJ) and Toronto Stock Exchange (DEJ.TO).

Statements Regarding Forward-Looking Information: This news release contains statements about oil and gas production and operating activities that may constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities legislation as they involve the implied assessment that the resources described can be profitably produced in the future, based on certain estimates and assumptions. Forward-looking statements are based on current expectations, estimates and projections that involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those anticipated by Dejour and described in the forward-looking statements. These risks, uncertainties and other factors include, but are not limited to, adverse general economic conditions, operating hazards, drilling risks, inherent uncertainties in interpreting engineering and geologic data, competition, reduced availability of drilling and other well services, fluctuations in oil and gas prices and prices for drilling and other well services, government regulation and foreign political risks, fluctuations in the exchange rate between Canadian and US dollars and other currencies, as well as other risks commonly associated with the exploration and development of oil and gas properties. Additional information on these and other factors, which could affect Dejour's operations or financial results, are included in Dejour's reports on file with Canadian and United States securities regulatory authorities. Other risks include the Company's ongoing review by NYSE MKT ("the Exchange") to ensure the Company continues to regain compliance with Section 1003(a)(iv) of the Company Guide which addresses a Company's ability to operate as a going concern. We assume no obligation to update forward-looking statements should circumstances or management's estimates or opinions change unless otherwise required under securities law.

*Dejour Net sales volumes, post shrinkage

The TSX does not accept responsibility for the adequacy or accuracy of this news release.

Follow Dejour Energy's latest developments on: Facebook http://facebook.com/dejourenergy and Twitter @dejourenergy.
Contact:
Robert L. Hodgkinson
Chairman & CEO
604-638-5055
[e-mail]
Craig Allison
914-882-0960
Investor Relations - New York
[e-mail]

[michellek]

Dejour Q3 2015 Corporate Presentation

Dejour Q3 2015 Corporate Presentation

[michellek]

Why is Dejour posting a page from the BKH Broker Appreciation Luncheon on their Twitter page?

Dejour Twitter

[hillzman]

Looking forward to the production update and reserves. Plenty of hints that the Mancos could be a game changer on Koko. GLTA and DEJ!

[michellek]

Kokopelli Update - 9-14-2015

Kokopelli Update - 9-14-2015

On Kokopelli Pad 21B, Dejour and its operating partner successfully drilled, cased and completed seven Williams Fork wells (Federal 14-15-1-21 through Federal 14-15-8-21) and a single vertical 13600' Mancos discovery well (Federal 14-15-7-21) as contemplated in the original 2014 drill program. The deep Mancos discovery well completion incorporated 14 stages to best assess the multi-zonal potential of the leasehold.

Logs of the Mancos section indicate the presence of gas throughout this deeper zone.

These wells are currently flowing back gas, oil and NGL's directly into production lines with completion water safely deposited in the PWD well recently drilled and equipped for that purpose. Clean up should be substantially complete with cumulative daily production volumes accurately estimated by the end of the quarter.

Dejour owns a 25% working interest in this Kokopelli project. While the production from the liquids rich Williams Fork is very important to balance existing processing contracts, the successful establishment of a robust gas volume from the high pressure Mancos will dramatically enhance both the production profile and reserve life/value of the entire project.

[hillzman]

Should see some production figures for the new Koko wells soon, and especially some results for the Mancos well. Might provide a spark. We shall see.

[Patrickx72]

We have two big problems here.. way to mutch shares on the market, and a to low natural gas price..
The managment cane only handle one of it.. and i hope the do it in a good way..