goldie, Thanks,Got rid of the d@#m umbilical[oxy], cord a while back,and on the treadmill at the breakneck speed of 1.2mph, for 45 minutes.Got to be ready for fishing season.lol. luck tro
Pgm, Last close was 0.37 US for DEJ,and if you climb out of any stock from sub 1.00,and do arrive at 3.00 to 5.00, yes would have split the take,long before doing so, dependant on the volume purchased, and be sitting in the catbird seat with a core of house money,laddering out at 3,4,or 5.00.Wish you well on your venture there.Increase in production, and income by drill bit is a great combo, but offsetting conditions to that scenario must be considered in the bottom line.See you in the patch in a few places,and wish you well in all of them luck tro
I believe the dilution is either at an end, or very close to.
The dilution has been necessary in order to keep the place running while NOT giving away any of their land and getting the waterflood completed.
The recent spike was due to the obvious spike in everything oil and the announcement the waterflood of Woodrush has been completed.
The next couple months should be rather interesting for DEJ. Expecting the following:
- announcement of receipt of $1M from the as yet unnamed JV partner
- up to an additional $5M to purchase additional leases again from the JV partner
- naming of the partner
- updates on the exploratory wells
- with any luck information / plans on the planned horizontal wells to determine the deep potential within the Woodrush
- year end ed results expected shortly
- revenues have continued to increase to a point where they may either be at a break-even or a very very small net loss again at year end
I guess the way I see it is this. Yes, it may run back to $0.50 and drop again, which is significant of course. However, this $0.15 spread will mean absolutely nothing if it does start to run like LEI or SSN over the past year.
When a stock climbs from sub $1 to start trading between $3-$5 you no longer worry about making that extra 15 cents a share, you watch your holdings gain and lose more than that several times a day.
I do believe management has to start stepping up, but I also beleive that they knew they needed to have something to promote before they started as well. With Woodrush production expected to double to about 1200-1400 boe/d within the next few months and the exploratory drilling planned for their Colorado/Utah acreage, I think they now have the information to take on the road.
Add the fact that oil is sitting at $100 a barrel and all indications that it is going higher not lower and you have the perfect time for management to start beating the pavement and showing investors their similarities to SSN and others, but at a tenth of the price. It won't take much to show investors the tremendous potential of investing early in a small cap oiler.
All things together, you 'could' see this thing catch up to SSN/LEI and others in a very very short period of time.
Of course, there are no guarantees, but, the similarity of their situation to SSN last year at this time is undeniable.
All the best to each of you.
duh, Happy to see that the events surrounding our stay in the DEJ camp was one of frustration for someone other than me.Thought for the longest time [and still do],that their holdings and possibilitys would somehow have a more rapid track to success.After a time of observing the non events unfold, coupled with large block fanageling, and furthur dilution took advantage of a couple of artificial spikes and bailed.I think they are holding great leases, and at some time may bloom, or JV, but would put on the watch list for any sign of positive events that could stimulate a toe in the water.Luck tro
I was in DEJ for awhile. Why is the new runup not just the same old song and dance from them? I was pretty frustrated with management, but not too frustrated to make some more money if the tide finally seems to be turning. Yes, they have good potential, that was not the problem, it was lack of transpareny and the seemingly constant dilution.
Compare DEJ today to SSN a year ago. Pretty similar.
SSN management had a hard time 'giving' shares away, until the land sale.
DEJ, up to about a two years ago, was an oil and gas 'real estate' company. They were not into drilling only buying and selling lands.
Check out the 'actual' similarities between SSN a year ago and DEJ today and you may have found yourself an SSN or LEI Jr. I know most of you don't like LEI, but 1000% returns in a year are hard to ignore no matter the management.
- a JV partner announcement (DEJ still keeping quiet on who that is)
- Year end financials should be out soon (with either a break even or a very very minimal loss per share)
- an update on the exploratory work being done testing the deep potential of the woodrush project (currently producing approx 600 boe/d and with the waterflooding of the woodrush should be up to 1200-1400 boe/d by end of summer)
- the naming of the NYSE JV partner
- further details about the JV agreement including a cash infusion of 1 million dollars
- up to an additional 5M to purchase additional properites in North West Alberta/North East British Columbia
- the drilling of two additional horizontal wells with the JV partner
- over 280K gross/120K NET acres in Uinta/Piceance/Paradox basins
- 10% carried interest, 1% NET smelter return on over 500K acres of uranium mineral rights (even though the US may not like or need the uranium, China and many other parts of the world are very very hungry for it)
Present day SSN and LEI both experienced 1000% gains in the past 12 months. Both still holding their own at well over 500%.
DEJ has seen some dilution, but management and insiders have been buying up a great deal of it. Approximately 25% insider ownership.
Fully diluted outstanding shares approx 110M (again sounds like SSN).
Proven management team at building companies from nothing.
Take the info for what it is worth. Do some digging, read some history of other small cap oilers from the past year and make your own comparisons but to just dismiss it because it has not yet made the headlines could be a very very costly investment mistake.
The same negative comments were being made about SSN and SDCJF and many others a year ago. Look at them all now.
All the best to each of you no matter what you choose.
I am actually pretty excited about DEJ right now...they are on the cusp of increasing production and potentially other news to move them forward...at this level I think they are good for a quick double in the next few weeks! IMHO!
Be interested in hearing why you think to the contrary however.