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ConocoPhillips Message Board

harold33272 13 posts  |  Last Activity: Apr 14, 2014 7:45 AM Member since: Dec 26, 2011
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  • Reply to


    by rbarrygunnarson Apr 13, 2014 11:14 AM
    harold33272 harold33272 Apr 14, 2014 7:45 AM Flag

    I can assure you, in no way shape or form would Hodgkinson deal Kokopelli without first drilling a mancos.

    Sentiment: Strong Buy

  • Reply to

    .30's on Monday....

    by auggiekicker1821 Mar 23, 2014 2:17 PM
    harold33272 harold33272 Mar 23, 2014 5:37 PM Flag

    WPX is not involved with Dejour (in terms of drilling or exploration).

    I can tell you if WPX management had its way, Dejour would have gone under a long time ago and it would have just purchased whatever assets were left from Dejour at fire sale prices.

    The chances of Dejour getting a JV or a farmout with a drilling fund or another player are far greater than doing such a transaction with WPX.

    If Dejour executes on a Niobrara later in 2014, then something cooking with WPX would be more likely.

    Sentiment: Strong Buy

  • Reply to

    .30's on Monday....

    by auggiekicker1821 Mar 23, 2014 2:17 PM
    harold33272 harold33272 Mar 23, 2014 4:12 PM Flag

    I expect management to give a thorough update on Roan Creek, Kokopelli, North Rangely, South Rangely and Woodrush. The time has come for management to lay out its long-term goals for these prospects and I believe the added color and perspective is very much overdue and will have resonance with shareholders.

    I do not expect a JV announcement. If a deal with a JV were already done, it would have to be announced because that kind of transaction is a material event.

    The drilling fund, in my opinion, is ready to do another four-well Williams Fork deal, but I believe management is going to allocate any and all available cash toward a Niobrara deal. Drilling a Niobrara is the number one goal at this point because this one event in and of itself can double, possibly triple the company's reserves and single-handedly transform this company from a micro cap to a junior E&P with a $225-300 million market cap. It's a game-changer. The permits, the low-hanging fruit with the Williams Fork exploration is already there for the taking. There's just no rush with that at this time. So I expect Dejour's dollars to be utilized for Niobrara exploration in 2014. It's going to take that event to get the company to the next level. And I think management will establish its desire for this in this week's conference call.

    Sentiment: Strong Buy

  • harold33272 harold33272 Mar 22, 2014 9:33 PM Flag

    zoom_bee, just curious. Where do you see this stock in a year? Given the improved fundamentals, production and top line revenue, what do you think is realistic? $1.50? $2.00? Thanks.

  • Reply to

    DEJ vs HUSA

    by johnandjoy1 Mar 20, 2014 10:31 PM
    harold33272 harold33272 Mar 21, 2014 7:09 AM Flag

    Here is one glaring difference: HUSA has just 52 million shares outstanding.

    Sentiment: Strong Buy

  • Reply to

    Opinions on DEJ 1-Yr Target?

    by riseuplights Mar 20, 2014 7:59 PM
    harold33272 harold33272 Mar 20, 2014 8:18 PM Flag

    I'm not selling a share until Dejour completes a Niobrara. That is priority No. 1 for the company because upon execution of a Niobrara in Garfield County it could double, possibly triple the company's reserves. And that's a game-changer for the company and subsequently the stock price.

    Dejour - by way of a JV - will drill a Niobrara. It's just a matter of when it happens, which I think 2014 is realistic. If it hits, the stock will surely reach several multiples of where it currently trades in after-hours. In the $1.20-1.50 range I would probably take profits and ring the register. I'm not sure if I would liquidate my entire position, but I would begin taking some profits. That price projection is a very realistic, sober target if indeed the company can successfully drill a Niobrara.

    Shaping up to be a much better year for Dejour, given reduced expenses, increased revenues and significantly higher and stable nat gas prices.

    Keep an eye on one additional event as well. If a bit doesn't hit the ground at Roan Creek by mid-year, Dejour, having already been paid for the acreage, makes off like bandits, keeping that money (which it has already deployed into operations anyway) and it gets to retain Roan Creek free and clear, a highly valuable prospect very close to WPX's 'The Beast.'

    Time is running out on the Roan Creek farm-out partner. If drilling doesn't happen within the next two or three months, that's tremendous news for Dejour.

    Basically here's the deal: A successful Niobrara has the "potential" to transform Dejour from a microcap to a legitimate junior E&P ($225-$300+ million market cap).

    Sentiment: Strong Buy

  • Reply to

    How many shares does everyone own?

    by bdg10c Mar 19, 2014 1:09 AM
    harold33272 harold33272 Mar 19, 2014 2:23 PM Flag

    773,000 shares at a cost of $0.29 a share.

    Holder since December 2011 and have added to the position several times since.

    Sentiment: Strong Buy

  • I'm sorry but don't we now have enough time with which to judge this company under Thompson's leadership? By any measure he has failed.

    McDonalds needs a CEO with an ability to see around the corner. The company needs a forward thinker, someone with a thought process that violates the norms and someone with decidedly more business acumen and innovation. Thompson is a fine person, but I don't think he needs to be in this position. CEOs of publicly traded companies must ultimately be judged by the stock price. Simple as that.

    I think the time has come for Thompson to spend more time with his family.

  • harold33272 harold33272 Mar 8, 2014 1:03 PM Flag

    The company will not absorb another company and doesn't have the resources to facilitate such a transaction, but I do believe Dejour will purchase some distressed oil properties in 2014. It's doable, it can be of a low risk nature and will immediately add to the company's total (oil) reserve base. That event and the further development of Kokpoelli are the primary priorities with Kokopelli a distant No. 1 obviously. I think a drilling fund may actually be more ideal than a JV with another E&P company for Kokopelli.

    Q2 should be interesting. Some decisions made by mgt in Q2/2014 will set a course for Dejour in the coming months/years.

    Ideally I'd like to see the current drilling fund do another four Williams Fork-well deal with the company (I don't know that they're overly interested in a Niobrara). And I'd like to see a second drilling fund do a deal with Dejour for a deep vertical and three additional Williams Fork wells on a single pad. That would give the company 7 additional WF wells and a deep vertical into the Niobrara. That event - if accomplished - would represent substantial progress for the company in my opinion. It's just all a matter of finding the right deal. And I'd like to see this limited to Kokopelli or Garfield County I think the company should fish South Rangely and North Rangely as separate entities or separate JV opportunities. I would not be in favor of shelling out the entire Colorado portfolio unless there's a buyout. And IMO Hodgkinson wouldn't so much as consider a buyout until a successful Niobrara was done. That could double or triple the company's NGL/NG reserve base, so no board member at Dejour would approve of a buyout until the company at least had a successful Niobrara, given the potential enormous returns and valuations associated with it.

  • harold33272 harold33272 Feb 27, 2014 7:10 PM Flag

    digital_sleeper, thanks for the insight. It's a terrific company. Long and strong and I've never sold a share. I do think the success and pub of companies like Google/Amazon/Apple and their stock prices have impacted the thinking of consumer goods/staples companies. I know the CEO of Kimberly-Clark does not like splits. I'm thinking JNJ may consider a split once it tops $100 and stays there for a few months.

    Stocks that split typically stall or pull back for a period of time, leaving the yield to increase (see CL and KO). I'm hopeful that'll be the same here with MMM. I'll back the truck up and load up if the yield pushes over the 2.8% mark.

  • How much longer is management going to wait before a split? Really surprised MMM and LMT have not announced splits.

  • Reply to

    Could A Bidding War Be Underway???

    by rbarrygunnarson Jan 8, 2014 12:42 PM
    harold33272 harold33272 Feb 1, 2014 7:38 PM Flag

    I am not posting false rumors. I have a vested interest in the success of this company and as a long-term shareholder I make it my business to do due diligence.

    I realize you are going to be here seven days a week trashing this company, its officers and the stock. And that's your right. I just choose to be far more productive with my time. If I thought a company was as pathetic as you think Dejour is, I assure you, I would not camp out on that message board seven days a week and trash the company and its officers and spar constantly with shareholders.

    Lastly, the company has already documented that it desires to have a stake in excess of 30-35%. And the clawbacks in the SECO deal are directly tied to the performance of the drilling/results.

    I realize you've thrown a pile of dirt onto the company and left it for dead, but if you made a few phone calls you would get some additional clarity on what's going on. I have no idea what the stock price will be in a year but to be completely dismissive of the company's prospects and to just sit back and trash and blast this company day after day is honestly a little comical. You've emerged into a full-blown basher. You're sour, you're bitter and you literally just hop on this board daily and tee off on just about everything associated with the company. If it's that bad, if you've reached no other alternative, just sell your shares and move on. Be done. Get done. And get gone. Be gone. You just seem like the most miserable human being on the planet. Good grief.

    Sentiment: Strong Buy

  • Reply to

    Could A Bidding War Be Underway???

    by rbarrygunnarson Jan 8, 2014 12:42 PM
    harold33272 harold33272 Feb 1, 2014 4:04 PM Flag

    Dejour Energy's management team is free to speak with whomever it wants within the 10-day window it announced this week. And I suspect that will be the case. It behooves the company to explore all options.

    I do want to reiterate that the 15% figure a lot of people are whining about on the SECO deal is merely a rock-bottom number. The company's actual stake in the profits in the SECO deal will be much closer to the 25-32% or more rate if the drilling results are what both parties believe, meaning prolific in nature. The clawbacks Dejour has referenced are directly tied to the drilling performance/production. That's been lost in a lot of the discussion here in recent months. Essentially, the better the results, the higher DEJ's stake.

    I also expect DEJ to be done with natural gas from this point forward. The distressed properties it will purchase in 2014 will be for oil drilling.

    2014/early to mid 2015 should be interesting. And this time frame dovetails with pretty much the timeline most longs have been waiting on for some time.

    I don't agree with every move the company is making, but I think there are far more positives than negatives associated with the SECO deal. And the company will be in a position financially later this year to purchase some distressed oil exploration acreage at outstanding prices.

    Sentiment: Strong Buy

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