DEE.TO - Delphi Energy Corp.

Toronto - Toronto Delayed Price. Currency in CAD
0.3500
0.0000 (0.00%)
As of 3:55PM EDT. Market open.
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Neutralpattern detected
Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close0.3500
Open0.3850
Bid0.2600 x 0
Ask0.2600 x 0
Day's Range0.3250 - 0.4000
52 Week Range0.1800 - 3.7500
Volume29,072
Avg. Volume32,414
Market Cap8.408M
Beta (5Y Monthly)2.78
PE Ratio (TTM)N/A
EPS (TTM)-5.7600
Earnings DateMar 12, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est0.44
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
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    • GlobeNewswire

      Delphi Energy Corp. Announces Approval of Interim Financing and Extension of Stay Period to October 9, 2020

      Delphi Energy Corp. (“Delphi” or the “Company”) announces that it has obtained an order from the Court of Queen’s Bench of Alberta (the “Court”) granted in Delphi’s proceedings under the Companies’ Creditors Arrangement Act (the “CCAA”): (i) extending the stay period to October 9, 2020, (ii) approving interim financing arrangements intended to fund the Company’s operations and expenses during the CCAA proceedings, and (iii) approving a claims process with a claims bar date of July 10, 2020. Interim financing arrangements will be provided by ATB Financial pursuant to an interim letter of credit facility, in an aggregate amount not to exceed $6.25 million, and by Luminus Energy IE Designated Activity Company (“Luminus Energy”), an affiliate of a pooled investment vehicle of Luminus Management, LLC (“Luminus”), pursuant to an interim loan facility, in an aggregate amount not to exceed $13.5 million.

    • GlobeNewswire

      Delphi Energy Corp. Provides Update on CCAA Proceedings and Operations Update

      Delphi Energy Corp. (“Delphi” or the “Company”) announces that it has obtained an order from the Court of Queen’s Bench of Alberta (the “Court”) granted in Delphi’s proceedings under the Companies’ Creditors Arrangement Act (the “CCAA”) extending the stay period provided by the amended and restated initial order to May 22, 2020. Delphi reports that Luminus Energy IE Designated Activity Company, an affiliate of a pooled investment vehicle of Luminus Management, LLC (“Luminus”), has purchased and taken an assignment of all of the rights of Delphi’s first lien senior secured lenders, ATB Financial (as administrative agent), Bank of Montreal and The Bank of Nova Scotia (together the “Senior Lenders”), under Delphi’s credit facilities.

    • GlobeNewswire

      Delphi Energy Corp. Granted Extension of Stay Period to May 8, 2020 and Provides Update on Continuous Disclosure Filings

      Delphi Energy Corp. (“Delphi” or the “Company”) announces that Delphi has obtained an order from the Court of Queen’s Bench of Alberta (the “Court”) today in support of its restructuring efforts under the Companies’ Creditors Arrangement Act (the “CCAA”). As previously announced by Delphi on March 27, 2020, Delphi is relying on exemptive relief recently granted by Canadian securities regulatory authorities that allows it to delay the filing of certain of its continuous disclosure filings.

    • CNW Group

      IIROC Trading Halt - DEE

      IIROC Trading Halt - DEE

    • GlobeNewswire

      Delphi Energy Corp. Announces Continuation of Its Strategic Process Under a Court-Supervised Restructuring Proceeding

      Delphi Energy Corp. (“Delphi” or the “Company”) announces that it intends to continue to carry out its strategic alternatives process, which may involve the sale of all or a portion of the business and assets or shares of the Company, or a refinancing, recapitalization or other restructuring transaction (the “Strategic Process”). Delphi was facing a breach of its Total Debt to EBITDA ratio under its credit agreement with its senior secured lenders, ATB Financial (as administrative agent), Bank of Montreal and The Bank of Nova Scotia (together the “Senior Lenders”). Delphi was unable to negotiate an agreement with its Senior Lenders that would have provided a waiver or amendment of the financial covenant and continued use of its credit facilities in order to negotiate a transaction under its Strategic Process outside of a court-supervised proceeding and to access liquidity to pay its trade creditors.

    • Thomson Reuters StreetEvents

      Edited Transcript of DEE.TO earnings conference call or presentation 12-Mar-20 3:00pm GMT

      Q4 2019 Delphi Energy Corp Earnings Call

    • GlobeNewswire

      Delphi Energy Corp. Provides an Operations Update

      Completion operations on the Company’s first three Montney wells (3.0 net) in the 2020 drilling program have concluded, with all of the wells expected to be placed on production by months end. The first two wells of the 2020 drilling program were the 13-12-60-24W5 (“13-12”) & 14-12-60-24W5 (“14-12”) Montney wells.

    • GlobeNewswire

      Delphi Energy Corp. Reports 2019 Year End Results

      CALGARY, Alberta, March 12, 2020 -- Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce its financial and operational results and reserves for the year ended.

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      Did You Manage To Avoid Delphi Energy's (TSE:DEE) 97% Share Price Wipe Out?

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    • CNW Group

      View from the C-Suite: David Reid, President & CEO, Delphi Energy Corp., tells his company's story. Filmed on October 19, 2019

      View from the C-Suite: David Reid, President & CEO, Delphi Energy Corp., tells his company's story. Filmed on October 19, 2019

    • CNW Group

      Acquisition of Consent Warrants of Delphi Energy Corp. by Luminus Energy IE Designated Activity Company on Implementation of Plan of Arrangement

      Acquisition of Consent Warrants of Delphi Energy Corp. by Luminus Energy IE Designated Activity Company on Implementation of Plan of Arrangement

    • CNW Group

      Acquisition of Common Shares of Delphi Energy Corp. by Luminus Delphi Holdings II Ltd. on Exchange of Equity Subscription Receipts

      Acquisition of Common Shares of Delphi Energy Corp. by Luminus Delphi Holdings II Ltd. on Exchange of Equity Subscription Receipts

    • GlobeNewswire

      Delphi Energy Corp. Announces Completion of Recapitalization Transaction

      Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce the completion of its previously announced recapitalization transaction (the “Recapitalization Transaction”). The Recapitalization Transaction was implemented pursuant to a plan of arrangement (the “Plan of Arrangement”) under the Canada Business Corporations Act (the “CBCA”). The existing issued and outstanding common shares of the Company (“Common Shares”) were consolidated on a fifteen (15) for one (1) basis.

    • Thomson Reuters StreetEvents

      Edited Transcript of DEE.TO earnings conference call or presentation 7-Nov-19 4:00pm GMT

      Q3 2019 Delphi Energy Corp Earnings Call

    • GlobeNewswire

      Delphi Energy Corp. Announces Senior Secured Noteholders and Shareholders Approve Recapitalization Transaction and Management Changes

      Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce that at the meetings (the “Meetings”) of holders of the Company’s 10.00% Senior Secured Notes due 2021 (the “Noteholders”) and holders of the Company’s common shares (“Shareholders”) held today, the Noteholders and Shareholders approved the Company’s previously announced recapitalization transaction to be implemented pursuant to a plan of arrangement (the “Plan of Arrangement”) under the Canada Business Corporations Act (the “CBCA”). Additionally, at the meeting of Shareholders, the Shareholders approved the continuance of Delphi into the federal jurisdiction of Canada under the CBCA (the “Continuance”) and the previously announced private placements of equity subscription receipts and note subscription receipts of Delphi (the “Private Placements”).

    • GlobeNewswire

      Delphi Energy Corp. Reports Third Quarter 2019 Results

      Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce its financial and operational results for the quarter ended September 30, 2019. Delphi’s realized natural gas price, including marketing income (excluding the Permanent Assignment Transaction, defined below) and excluding realized gains on risk management, averaged $2.56 per thousand cubic feet (“mcf”) comparing favourably to the average daily AECO benchmark which averaged $0.91 per mcf. Completed the sale of permanent assignment of approximately 35 percent of its firm full-path Alliance service (the “Permanent Assignment Transaction”) for net proceeds of $11.5 million.

    • GlobeNewswire

      Delphi Energy Corp. Announces Extension of Credit Facility

      Delphi Energy Corp. (“Delphi” or the “Company”) announces that the semi-annual borrowing base redetermination of its senior credit facility has been finalized. Effective on the earlier of the closing date for the Recapitalization Transaction (as defined below) and November 29, 2019, and conditional upon completion of the Recapitalization Transaction, the borrowing base of the senior credit facility led by Alberta Treasury Branches has been renewed at $80.0 million. Further, conditional upon completion of the Recapitalization Transaction, the revolving period of the senior credit facility has been extended to May 28, 2020, with the maturity date extended to May 29, 2021.

    • CNW Group

      Acquisition of Equity Subscription Receipts of Delphi Energy Corp. by Luminus Delphi Holdings II Ltd.

      Acquisition of Equity Subscription Receipts of Delphi Energy Corp. by Luminus Delphi Holdings II Ltd.

    • GlobeNewswire

      Delphi Energy Corp. Announces Completion of $46.5 Million Subscription Receipt Offering

      Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce that it has completed the second closing in respect of its previously announced private placement offerings of subscription receipts (the “Offerings”) for aggregate gross proceeds of $44.4 million today. Together with proceeds raised in the first closing of the Offerings on October 15, 2019, Delphi has raised the maximum total gross proceeds of $46.5 million pursuant to the Offerings.

    • CNW Group

      Acquisition of Shares of Delphi Energy Corp. by Luminus Delphi Holdings II Ltd.

      Acquisition of Shares of Delphi Energy Corp. by Luminus Delphi Holdings II Ltd.

    • GlobeNewswire

      Delphi Energy Corp. Announces First Closing of Subscription Receipt Offering and Update on Securityholder Meetings

      Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce that it has closed a portion of its previously announced private placement offering of subscription receipts (the “Offerings”) for aggregate gross proceeds of $2.1 million today. Pursuant to the Offerings, Delphi issued 797,512 equity subscription receipts (“ESRs”) at a price of $1.65 per ESR (the “ESR Price”) for gross proceeds of approximately $1.3 million and 1,067 note subscription receipts (“NSRs”) at a price of $750 per NSR (the “NSR Price”) for gross proceeds of approximately $800,000.

    • CNW Group

      IIROC Trade Resumption - DEE

      IIROC Trade Resumption - DEE

    • GlobeNewswire

      Delphi Energy Corp. Announces Recapitalization Transaction and Board Changes

      **Not for distribution to United States News Services or Dissemination in the United States** CALGARY, Alberta, Sept. 23, 2019 -- September 23, 2019 – Delphi Energy Corp..

    • GlobeNewswire

      Delphi Energy Corp. Announces Close of Alliance Service Sale and Agreement to Reactivate Alliance Lateral Line

      Delphi Energy Corp. (“Delphi” or the “Company”) announces the closing of the sale of a portion of its Alliance Service and the execution of an Interconnection Development Agreement with Alliance Pipeline Limited Partnership to reactivate its lateral line to the company-owned Bigstone West Gas Plant located at 14-28-59-22W5M. As previously announced on June 17, 2019, Delphi has sold and permanently assigned 16 million cubic feet of gas per day (“mmcf/d”) (approximately 35 percent) of its firm full-path service to the Chicago area on the Alliance pipeline system for $11.9 million. As a result of Delphi’s reduced firm transportation commitment on Alliance, Delphi’s outstanding letters of credit associated with the Alliance service will be reduced by $1.8 million.  Delphi is retaining approximately 29.8 mmcf/d of firm service and 7.5 mmcf/d of priority interruptible service on the Alliance pipeline system.  The Company currently utilizes about 55 percent of the retained service.

    • Does Delphi Energy Corp.'s (TSE:DEE) CEO Salary Compare Well With Others?
      Simply Wall St.

      Does Delphi Energy Corp.'s (TSE:DEE) CEO Salary Compare Well With Others?

      David Reid became the CEO of Delphi Energy Corp. (TSE:DEE) in 2003. First, this article will compare CEO compensation...