Sooner or later management will have to give this further consideration.
If they let this thing push up to $180-$190+, my sentiment is that it'll be a 3-for-1 stock split.
nourjianb, thank you very much for the insight.
We have been on and off again at or around the $100 mark for the last year. I think when we move past $100 a share for good and we're in the $115-$120+ range, perhaps more consideration will be given.
I think within the next year staples like JNJ, KMB, PEP and MMM could give more consideration to a split. I'm surprised MMM has gone this long without a split.
Thank you again for the firsthand report from the meeting.
The bluest of blue-chips. Never sold a share and never will. One of my top three - holy trinity - dividend stocks: JNJ, KO & PG. Never lost an ounce of sleep on these stocks.
Tremendous American stalwart company. First stock I bought my son.
Would like to see a $3.00 annual dividend and a split. The stock would pull back slightly after the split which would prompt me to back the truck up later this summer.
Sucks for dividend income investors who couldn't care less about a quick price bump. Had a good stake built up in Heinz with a lot of compounded interest through the years and did not want to see it taken private.
Where does it end?
It's why I've not increased my stake in General Mills.
What are waiting on, $200?
It's long past time to split this thing. Give us a 2-for-1 or at least a 3-for-1 if it reaches $180.
auggiekicker1821, I think the scenario you describe is probably the most likely. That's roughly a $5 million well at North Kokopelli and Dejour will put down anywhere from $1.2-2 million for the well. This loan would certainly facilitate this. My preference would be to use the entire $2 million so that the company receives a 40% WI in the deep vertical.
I still expect the company to deal all of its working interest in South Kokpelli, North Kokopelli and Roan Creek in early-mid 2016 after a successful mancos - meaning three, total - has been drilled at each location.
Sentiment: Strong Buy
That would be extremely disappointing if indeed that were the dividend increase. That would represent merely a 5.7% hike and it would mark the second straight year of a 6% or lower dividend hike, which would be quite disappointing. I think at the least the company should raise its dividend to $0.75 per quarter or $3.00 annually, which would be just over the 7% mark. That would represent a very fair, reasonable hike. $3.00 a share would also be far lower than free cash flow per share and earnings per share, so again I think it would be a proportionate, reasonable hike.
.74 would be unacceptable IMO.
karakoranclimber, question please.
It is quite obvious that you do not have a position in Dejour Energy, otherwise why would you camp out on this message board and trash this company literally dozens of times a week?
For example, I don't have a position in Microsoft. That's fine. That's my right . But I'm not going to camp out on the Microsoft/Yahoofinance board and trash the company and its stock dozens of times a week.
My question is, why on earth would someone who feels the way you do about Dejour spend literally hours a week trashing this company, its officers and its stock? What kind of miserable, despicable human being hops on the Internet seven days a week to conduct these endless hit jobs on a company, its officers, its shareholders and the stock?
You, sir, represent literally everything that's bad on the Internet and you are proof positive that any piece of garbage that floats up on a log can sign in to a message board, hide behind the safety and comfort of a message board handle and relentlessly tee off on a company, its officers, shareholders and stock with virtually no accountability whatsoever, much less credibility.
Your parents must be so proud of what you've become.
Please retire or expire, whichever comes first.
I would be shocked, absolutely stunned if Dejour was bought out at this point.
I don't know that I see the entire company being bought out at some point. I think it's more likely that DEJ would deal its Piceance assets. And I'm confident that isn't going to happen until three events take place:
1. A successful mancos at South Kokopelli
2. A successful mancos at North Kokopelli
3. A successful mancos at Roan Creek.
The first one is a first quarter event. The second and third are potential late 2015 events.
These events will double, possibly triple the company's reserves profile. No CEO would deal these plays without first proving up the acreage. The only scenario by which that would happen would be if the company was in financial distress. And such is not the case. DEJ is actually a step away from becoming a positive EPS micro cap E&P, which is very rare. And I expect it to happen by Q2.
I've not sold a single share since taking a position in the company in 2011 and I do not plan to even consider selling my stake until each of the aforementioned events are done.
Sentiment: Strong Buy