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Dejour Energy Inc. Message Board

  • vanburenjjohn vanburenjjohn Dec 5, 2012 10:48 AM Flag

    Honest thoughts on M&A?

     

    Any thoughts on the probability of a possible Merger or outright Acquisition based on prospective market position ? May be just throwing that to the wind but a bit curious on your input.

    Sentiment: Buy

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    • Not any time soon in my opinion. I've done a lot of digging on this and it's just not in the cards at this time, primarily because there is going to have to be development - to an extent - at South Rangely, North Rangely and of course Kokopelli first.

      I would be shocked if this kind of activity occurred prior to 2014.

      And on another note, I think the first quarter of 2013 will be a very good one for the company, personally. I realize people are frustrated. I am, too. But the reality is that in the near future the news of Roan Creek's farmout, Kokopelli's tie-in, South Rangely's tie-in and Woodrush's updated numbers are going to be released and these events are going to impact the stock price. I do not know if all of these will be done prior to December 31, but I do believe we will see multiple releases from the company prior to Dec. 31.

      You have to have the stomach for it when you take a position in a microcap stock. Things - notably progress - aren't going to travel in a straight line, upward or downward. I think the criticisms and frustrations on the board here are valid, but there is simply no way on the planet the stock will be stuck at this level or even in this stratosphere once these events occur and additional wells are drilled at Kokopelli in 2013. And that's my source of encouragement as a long.

      Sentiment: Strong Buy

 
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