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Daegis Inc Message Board

ma_bates 2 posts  |  Last Activity: May 6, 2016 10:36 AM Member since: May 18, 2000
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  • This is one of the Colorado companies that NGL relies on to pay the bills. I felt pretty good about holding NGL when BCEI had sold off the Rocky Mountain project for $258 million but now that deal has fallen apart. BCEI is putting all future drilling on hold. Trying to preserve capital. I dont know if this is happening across the board in Colorado but my best guess is if oil does not rise quickly BCEI is going to have to close down. So the question I have is does their oil continue to flow? Does NGL continue to make $$ when their customer is freezing production? Or do they work out some sort of agreement? I am out for now. Sold yesterday at $8.17.

  • Reply to

    Alarming trend

    by jjpcat May 5, 2016 8:27 PM
    ma_bates ma_bates May 6, 2016 10:36 AM Flag

    Thanks for the good post. I agree that their recent past does not look pretty. But I think alot of that was because Sports Chalet and Sports Authority, Wal Mart, and even Amazon were crowding their market. Now that SC and SA are getting out of the market we shoudl have a good run for a couple years. I also like the fact they now have some internet sales. MY guess is next couple quarters will be bad. But 4th quarter of this year will be a money maker. Skate to where the #$%$ is going.

DAEG
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