DELPHI ENERGY $1.19 (Toronto symbol DEE; TSINetwork Rating: Speculative) (403-265-6171; www.delphienergy.ca; Shares outstanding: 131.2 million; Market cap: $156.1 million; No dividends paid) explores for oil and natural gas in Alberta and B.C. Gas makes up 74% of Delphi’s daily output; the remaining 26% is oil. In the three months ended June 30, 2012, Delphi’s average daily output fell 3.0%, to 8,636 barrels of oil equivalent (including natural gas) from 8,906 barrels a year earlier. Disruptions at third-party processing facilities were the main reason for the decline.
The lower production, plus lower natural gas prices, pushed down Delphi’s cash flow to $0.05 a share from $0.15.
The company’s debt of $134.4 million is a high 86.1% of its market cap. However, Delphi trades at 4.4 times its forecast 2012 cash flow of $0.27 a share, and only 3.1 times the 2012 forecast cash flow of $0.38 a share.
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The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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