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Great! Just take responsibility for your decision either way.
I hope you sold. You have been very upset about the price the last while. This is your chance to get out. If you wait and it drops don't complain it. It will all be your fault.
I am not to worries with the price drop. The price of natural gas it holding and should remain high as the A/C kicks in this summer. We will probably see the reserve update from woodbrush soon. Also the two wells that will be brought on at woodbrush will help. With some good luck we will see the J/V at koko as well. very excited here I actually bought more today. They had their highest producing quarter so far with the last one. barring some very bad luck we will see higher prices.
Good Luck!
You will be fine. The CC was great news to the investor and not the day trader flipper. The JV will be announced in the next couple months and let's not forget that woodbrush is set to shine 1000BOE a day will help. It is all coming together I expect a much higher share price by end end of the year.
yup this thing is getting ready for take off. I am looking for the CC date and and drilling plan to be announced it could very well be the catalyst to rocket us up to 40's.
I agree. Even if we stay between 4-5 that should be okay. I think we are finally close to a move here. This volume is very good thing to see. Maybe it was the street article that has produced more interest here. I have thought nat gas prices should have dej in the 20's. Maybe we are finnaly close to the big move I have been expecting. Trying to stay realistic but there is something in the air.
Go DEJ!!!
love the volume! Nat. gas prices looking good. We are ready for the take off.
highflier, How many shares do you and your group control now?
WOW! this thing has grown legs and is moving. Didn't expect this today but the higher the better :)
Liking the volume increase here. I think we are in for a run soon. Are you still in the stock?
That is good to know on the cost with koko. I have been wondering how much it will be. What are you thoughts on the financing/cash they will need to do this? Do you think they R/S and dilute? Will they be able to get decent loan? This really seems to be the main key here. If they get the ball rolling here and making some money this thing will take off. I am not opposed to the R/S I just hope they do it the right way.
I am shocked at all the bashing that has gone on with this stock everywhere I read. With the recent drop and the fact the koko is really ready to blow up I was confused. I came to the same conclusion as you. There must really be some misinformed people out there. If koko ends up being worth 1 billion or so then look out.
I just wish I had more money to buy at these levels.
We will be fine. I did not expect a good release. 2012 was a rough year for energy prices. Many good things coming here. a dip would not surprise me but I expect we will be back up soon. To much good happening in the future.
wow put up 20 k shares and they got gobbled up before I could enter the trade!!!
I am in this till the buyout as well. I will sell some on a massive rise but it will have to be a big move. I have been buying all I can between .15-.21. I just think this is a steal at these prices. I would buy more but I am hoping for one last drop if possible. It think it is unlikely at this point as soon as koko is done and the number come out I think it will be time to say goodbye to these levels.
We hit oil at SR and NR and this could get crazy. I agree many things are out of our control but as far as taking a risk. I think this one is a good one. Even though management has sucked at PRs and meeting expectation. I still think they are a solid. I think they could care less about the investors at this point. I think they have their eyes on the prize. They know what they have and it is all about setting this up for the BIG payday IMO. Time will tell.
Good Luck to all who ride this out and stay strong!
I agree. This is setting up for a nice run. Very curious to see where NR, SR go. It will be huge if they hit with oil. KOKO is also looking better and better. Not to mention our unknown mega rich parnter at Roan.
I really just want them to get cash flow positive while they get these projects developed. Then lets sell and make a pretty penny.
Hoping there is only blue skies on the horizon.
Any ideas in who this big boy is?
And it begins....should be a very interesting couple months here.
Thanks Bigroller1. I just sold all my shares at a loss. I am so thankful a saint like you is here to look out for everybody. I feel lucky a guy like you has showed up to post your great insight and knowledge. Now you can go away everybody is saved.
Thanks a ton!!!!
looking good here!!! Dej may have it's day yet!!! Holding for the run!!!!
well looks like the CEO got his shares and whoever else wanted them. The weak hands are gone. I expect some good news over the next couple months to send us up up and away.
good to see this news release. We have really been left in the dark here.
I agree on the company I am just sad that I am out of money to invest. I would be buying like crazy if I could. Anything can happen and I have some time to wait it out. I still think production may be higher than we think at Woodbrush right now. If that is cranked up it really should get us thorough the tough spot here. I would really like a update BOEP on that. I also want to here more about South Rangley. The company is being so quiet. Makes me think CEO likes cheap shares. Dej will have its day. The swing are violent in this stock and it may very well be the same the other way when the time is right!!!
seems like most are pretty down on dej right now. The CEO is buying a pretty good amount of shares down here:
http://canadianinsider.com/node/7?menu_tickersearch=dej
I think he is up around 600k shares bought. Could be that he likes to throw away his money but I for one think this will turn around but I must say very painful right now.
We need some help, hopefully it is on the way.
Good post!!! I do agree that it is only a matter of time with NG. Prices will come back up to levels that will make it much more profitable. The williams pipline is done in Q3 and we drill. The pipeline is key here as well to making this much cheaper. We are down for a couple reasons in my opinion.
1)Company setting expectation to high and not meeting that(life Happens).
2)Recent dilution flooded in the market with extra shares. In a perfect world this problem would be behind us but with Woodbrush having some issue we have not been able to generate enough cash. However, we are starting to crank it up now.
3) NG prices being down. I agree with you here that NGL are being overlooked and there is a overly negative attitude that this will not come back up.
All of these can be overcome and the price will rise when news hits soon on Woodbrush getting production up and koko gets going. I am very interested to see if they find black gold at South Rangely at the end of Q3. If we do and the finding are good. Hold on we are going bye bye.
After all my study this is way to low a price and a great time to buy. I have fully loaded between 22-23 and ready for take off.
Good Luck to all here!!!
http://www.canadianinsider.com/node/7
look who is loading up on shares again. almost 300k in last month or two. This is going to heat up in the next month or so. Can't believe anyone is even selling down here. Thanks for all the cheap shares.
man if I had a whip I would beat those guys with it!!!!
Anybody check for dilution today with the company? I hope this PR was not used for that purpose. I will have to check tomorrow if somebody hasn't already.
Thanks bud! Sorry if that was a repeat question. I agree a split makes no sense right now I was just thinking down the road if they fully diluted.
I will try to pick up a few more as well this week. We need the shares in the hands of those that are long and strong!!!!
Good Luck!
P
highflier, I have enjoyed your posts and all I have to say is if you and your buddies have over 500K in this then you have balls of solid rock. I like this company and am long but man anything can happen in the world of investing and that is a good chunk of cash.
How have you dealt with the history that this company has with R/S? If the company does dilute very high then I think that could be possible. I do not say this to bash or be negative but the company has a history and I am curious on how you have processed this. I own about 400k shares so nothing like you.
thanks,
P
I really like page 10 in that document:
Grow production expand base Our Path in 2012: Enhance Shareholder Value
production- proven reserve base- build resource potential
from:
? Woodrush:
? Monitor production increase from water-flood, forecast peak performance in Q4 2012 and 2013
? Kokopelli:
? Initiate Phase 1 drilling, expecting to complete and produce a minimum of 4 wells by year end
? Begin Phase 2 permitting for up to 90 additional Williams Fork wells
? South Rangely:
? Establish production from discovery well
? Drill down dip Hz confirmation well / evaluate further development
? North Rangely:
? Seeking partner to fund a 3D seismic program with a drill to earn option
If this is all done by the end of 12 with good results there should be a silent but distinct sound of cha-ching :)
Thanks for the response. If we get 2k BOED by end of year I will be stoked. That should translate pretty well in cash unless the bottom falls out of the market which is possible but unlikely IMO.
I remember where I saw the 75 BOED from South Rangley it was in the presentation the website that was just put up:
http://www.dejour.com/perch/resources/dej-june-presentation-final.pdf
page 9 where they say the potential in Q3 to have this:
? Project Facts:
Colorado
j
? 6300 acres
? Dejour operates with a 56% average WI
? Discovery well (Niobrara) tested 300 mcf gas
per day plus with potential of 75 Barrels of
NGL/mmcf line Western - on line Q3 2012
Drilled on top of structure (attic gas/ NGL)
? Potential for an oil leg interface on Dejour
acreage down-dip to the west
? 1st Hz exploitation well planned for late Q3
2012
Alot going for this company I am here for a while and will not sell until the company is seen for the value they are. Exciting times to be a shareholder here I think. I will probably load a few more at these cheap prices Monday. I am shocked alot panic sold on this last dilution. Doesn't make sense to me with the production coming online and everything that is starting to happen. I will say I did not understand the NGL value until this weekend. Maybe that is what is scaring alot of retail investors as well. In the EOY finanial statement from 11 I think they got like 105 per barrel(I know prices have dropped since then) but still the market is still there. Based on my past reading now I think the company would be wise to not set expectations to high. Reading through the past it seems like they have failed to produce on alot of the things they have put out in time. They are getting there but life happens!!!! As a result investors are cranky at this point. who knows hopefully brighter days ahead! It has me very happy though. Never thought I would see these prices when a massive development was about to come online after 3 YEARS of waiting. I bought all I could last week and will have more funds tomorrow clear.
GL!!
I've been going back through and reading up on DEJ this weekend and back posts. You seems to have a pretty good feel for this company. IMO in order for us to sustain a higher price like 1 dollar we need to get revenue up. This is only going to happen by getting the BOED up. I am trying to form a rough picture where they are going to be at the end of 2012 BOED.
Woodbrush
current 603
end of year 1000
Kokopelli
I read one of your previous posts that said you think 700 BOED is possible by end of 2012. Where are you getting this number? Do you still think that is possible? I really have no idea here but you seem to know the company pretty well. So I was hoping you would expand on anything you know here?
South Rangely
Read somewhere 75 BOED by end of year.
If this all came to pass then 1775 or around there is probably best case by EOY which would triple where we are at last year and should be great.
At the the very last I would expect 603 BOED EOY which would be a okay increase by end of year but if this happens I am very confident that the share price will be in the toilet.
I know this is a little out there but I am interested to get your take/guess on where you think our BOED will be EOY 2012.
Thanks!
Goods things on the way with woodbrush production rising and the fact that we have the funds to drop the hammer at kokopelli. Expect a big bump in share price over the next couple months!!!
This is all my opinion and probably not worth much. My take is the dirty little pig Asher paid for that latest promo that came from the announcement on the signing of the DMG. I think this penny market is heavily manipulated by MM, promo people and the companies at different levels. Many would disagree but it is the only thing that makes sense to me. I think someone knew something and shorted this at the top and totally squashed the stock price. Those that bought high around 10-13 cents may have panic sold latley which did not help. I think you mentioned auto dumping in large blocks and he is retail. I was reading about Pert and Vert a couple of real nasties and thay have been hanging around having their way with this stock.
We will see here. This deal needs to close and soon or at least we need a update on the company they are buying.
Who knows just my speculation.
Ten milly is very good news. I thought it would be around 20. Now Fann pull your head out of your arse and get away from asher and close this deal.
It said it could happen before I think so it could be any day. I agree it is a matter of waiting at this point.
Hope so we really need a PR or this deal to close to get this going.
I think so and have loaded the boat pretty good here. Those .03 are very tempting. I just keep going back to everything that has been done here.
The fact that it is a BB stock
Mark Lev
The address on the verndale website and the 10q
and all the other things that have been found here over the last year. Still very risky but these are the kind of risks I like to take. Probably not for everyone.
GL
it wasn't me but these are great prices. I am loaded up pretty well at the moment.
Come on Lev don't let me down :)
Down and down she goes and where she stops nobody knows.
Everybody cross you fingers but no dumping as of yet today and yesterday. This is a good sign going forward if this holds up.
I do think think Fann dumped some shares in the latest PR(maybe Asher) and then somebody short sold the stock at the top and crashed the stock down by bid whacking the hell out of it. Just my opinion. Still very optimistic here even with the crummy share price at the moment.
GLTE!!!