Friday, February 06, 2015 7:53:59 AM
As far as Oil , Woodrush offers excellent opportunity for inexpensive vertical wells that are proven steady producers ,with infrastructure already present . All 3 developments rest clearly on the macro environment for 2015 , in overall hydro-carbon demand . A low cost producer can do well in this environment and Dejour seems to be initiating cost cutting measures wherever,and whenever possible. They actually began reducing "all in costs" ,a year ago . (Jan. -2014)
I have been critical of the companies "Expenses" ,in the past ,however with more revenue and smarter use of capital ,it seems Dejour is finally on the road to achieving a share price equal to the value of their assets in the ground . The value of assets and competence of leadership in managing those assets is clearly being recognized in the O&NG community. Dejour is doing better than the majority of O&G companies ,( at any size ) , with the toughest commodity pricing in 10 years.
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