Tuesday, April 13, 2010

DEE ENERGY Ready To Run











Experts who have talked about Delphi Energy Corp.

TOP PICK2.730Eric NuttallExceptionally well run natural gas. 50% of their production is hedged at $6.50. Very cheap at 6X cash flow. Testing 4 new zones, none of which have any meaningful reserves. Tremendous success in the Cardium.2010-03-24
BUY2.770Jason DonvilleHave a big capital expenditure program. There should be a big ramp up in production.2010-03-23
BUY2.600John StephensonSmall. It’s not going to be a home run. A few good wells. 2010-03-05
WAIT2.400Jennifer StevensonIt has had its challenges because it is gas focused and balance sheet was hefty. They have done well in paying down their debt and growing their production. Stock is not expensive. Biggest risk is that it is a gas focused player and as we are rolling into the shoulder season, you may get a chance to buy it cheaper over the next few months.2010-02-16
SELL2.030Laura LauOne of the cheapest gas stories. Priced to sell but doesn't think they are ready to sell yet.2010-02-08
TOP PICK2.000Andrew CookAbout 80% production is natural gas with about a 15% production growth. Also have a pretty strong drilling program over the next year. Also have some light oil exposure.2010-01-20
BUY1.760Laura LauTend to spend a lot of their capital, more than other companies, in the winter months. Have some good assets so will be able to grow their production and reserves. Expects a few more months of good performance..2009-11-18
BUY1.720John Stephenson(Market Call Minute.) Small at 6800 BOE’s a day that has a lot of catalysts for growth.2009-11-09
Comment1.650Michael SmedleyVery small gas company that has made some acquisitions. Basically a speculation.2009-10-26
PAST TOP PICK1.620Joseph Schachter(Top Pick Nov 14/08, Up %24.6) Would be a buyer here. Like the company. They have an oil business to grow while Nat Gas is suffering.2009-10-20
TOP PICK1.620Joseph SchachterHas a very dominant core in west Alberta. There is vertical as well as horizontal potential. They’ve started going after the horizontal natural gas. Just did a number of acquisitions to try to get control of that area. By next year they should be doing about 8,000 bue’s a day. They estimate $.35 in cash flow.


2009-10-20

New Gold Announces Closing of Sale of Amapari Mine

New Gold Announces Closing of Sale of Amapari Mine

(All figures are in US dollars unless otherwise stated)

VANCOUVER, April 13 /CNW/ - New Gold Inc. ("New Gold") (TSX and NYSE AMEX: NGD) today announces the closing of the previously disclosed sale of its Brazilian subsidiary Mineracao Pedra Branca do Amapari Ltda. ("MPBA"), which holds the Amapari mine and related assets, to Beadell Resources Limited ("Beadell"). New Gold received $37 million in cash and $16 million in Beadell shares for total consideration of $53 million from the sale of MPBA, resulting in New Gold holding approximately 19.5% of Beadell's shares outstanding.


"We are pleased to have completed the sale of Amapari as it represents another significant step in the surfacing of value from what we believed were previously underappreciated assets in our portfolio," stated Randall Oliphant, Executive Chairman. "This further solidifies our financial position and streamlines our asset base such that we can look to further build from this strong foundation."


With the completion of the transaction, New Gold has successfully monetized a non-core asset, further enhancing the company's financial resources while retaining participation in the upside of Beadell and its collection of assets. Beadell is an Australian listed gold-focused company with exploration and development assets in Western Australia and Brazil.

About New Gold


New Gold is an intermediate gold mining company with the Mesquite Mine in the United States, the Cerro San Pedro Mine in Mexico and the Peak Gold Mines in Australia. The company is expected to produce between 330,000 and 360,000 ounces of gold in 2010, growing to over 400,000 ounces in 2012. In addition, New Gold has a strong portfolio of development and exploration assets in North and South America. For further information on the company, please visit www.newgold.com.

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