This company is going to do a bolt-on at Woodrush. The issue is when, not if. And when it happens, it will dramatically ramp up their production and cash flow.
This is a rare microcap that can get serious cash flow even at $35-40+ oil. Should be an interesting spring and a good one for DXI. This is a company that should emerge from the depressed commodity price stage from a position of strength.
Dear God, where do you people come from? By any common sense definition, DXI's stock is not fairly priced at present. Not hardly.
The damn pipeline infrastructure and sour gas facility alone at Woodrush are worth more than half the current market cap. And the company's Kokopelli asset - yes, even with North Kokopelli not yet proven up - is today, this moment, worth multiples of the current market cap, even at $1.90 nat gas.