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Nice!
Some needs to take out NSXX s 12K at .4219 hes been sitting there all day it seems. Someone took a bite because he was selling 19K
I hope it does but honestly I dont care where is closes today. If it dips Ill buy more. If it goes up Im up. Win win!
All I know is that is pretty simple to see this is undervalued and it has many catalysts in the upcoming year that will firm DEJ true value.
DEJ has a less debt yes but SSN also has 73 million in cash. Also, what is "sexy" right now is to drill in the bakken which they are doing. I think DEJ has a better chance to produce more in the next year or two. I suspect once they get a JV partner for GG they will be in the $3 plus range add in a couple finds in south rangley along with deep oil at woodrush we could be off to the races.
Buying at these prices is a no brainer IMO because there seems to be so little downside. The worst that could happen is the dont find anything..Well they still have woodrush productions and GG..Oh and oil is at $106 :)
Yeah I forgot about that too. Actually good! They saved more oil to sell at higher prices :)
Anyone have any comments on the results?
I like them. Although Q1 and Q2 will be much better I am sure. Q2 will IMO definetly show a profit
Thanks Southpen,
I know they wouldnt tell you that I was more or less asking your opnion.
How much of the rights do you think they will have to give up to get funding..50/50 split?
No doubt. Do you feel they will go the JV route with GG? Or do you think they will raise cash and do it on their own? I know they wouldn't raise that much cash with the price so low but if they get into the $1.50 range its not an impossibility IMO
MM CHIC is loading up today. Seems like he has bought 300K plus on the bid today
Yes sir,
Saw some nice buys today 100K got taken out on the ask at .44
Anyone talke to IR lately?
.04 X 4 is .16 for 2011 PE of 20 gets us at 3 bucks a share..10 bagger?
Oil is skyrocketing
Would not surprise me one bit..
Hopefully, they also give a bullish outlook for the year and account for higher oil prices etc.
Markets can be irrational sometimes. It is frustrating sometimes but just keep reminding yourself where will DEJ be in 6 months to a year? Quite clearly, it will be higher than today IMO. Unless shit happens...
Yes sir,
Expansion, profitablity in 2011 and hopefully natural gas prices firm up a bit and we start work on Gibson Gulch next year and then we are off to the races.
Quite possibly, $3-$4 by July next year
Good post,
Im hoping for a parabolic run to 2 and settle in the 1.5 range by the end of year. $1 IMO is a given. I can't see how this doesnt tripple by the EOY unless shit hits the fan.
Do you have any idea how long it will take to get the south rangley project pumping out oil?
No Doubt,
My comment wasn't to illustrate a bearish tone in SSN my point is I can't see of any JR oil companies trading this low to NAV..
Sorry Pal,
I know SSN is not trading at 1/5 of NAV
http://caps.fool.com/blogs/ssn-update-rodman-amp/448405
As for the others ill do some more research on them
SSN is currenty trading at or above NAV
Nobody?
Does anyone know of anymore Jr. Oil stocks that are PRODUCING OIL and trading at 1/5 of NAV?
Not sure what you are referring to?
Almost comical how undervalued this is..If oil stays where it is we should see 20 million in REV this year with virtually no debt.
I wouldnt either.
How much do you own?
Nice you still holding?
Im not saying they wont buy it. If I was them I would. You know hedge funds will. However, usually speaking fund mangers dont like to purchase stocks under 5 bucks..I was in GGP from .5 to 13 so I did see Morgan and Vangaurd buy under 5
5 bucks usually
Nervous Nellies
Looks like someone doent want this to go below .35 keeps putting a 200K bid out when its about to go below..
Exact opposite looks like the reversal may be underway..
Afternoon dump coming?
Seems to happen around this time every day..
To be honest I dont really care..if he is manipulating it down he is doing so someone can accumulate IMO which means it will eventually be "manipulated" up
LOL this this is a screaming BUY! Look at the 1 month chart...
What has happend since a month ago? Oil shot to $100 and the waterflood project was a success. And its now the same price it was before!
I dont know how to read these buys and sells buy insiders. This guy also bought 500K in december at .38. The CEO sold a million shares 1/27 but then 2 days later bought 500K. Not too worried about all this...insiders own 25 percent they are not going to tank the PPS
We will have to see if he sells more..Why didnt he sell on the spike seem that the majority of the sales were below .41
Agree 100 percent
I dont think anyone is dumping today but scared retailers. Only 350K