Updating Delphi Energy, Amazon.com and Mosaid Technologies

Article Excerpt

DELPHI ENERGY $2.67 (Toronto symbol DEE; TSI Network Rating: Speculative) (403-265-6171; www.delphienergy.ca; Shares outstanding: 116.5 million; Market cap: $311.2 million; No dividends paid) explores for oil and gas in Alberta and B.C. In the three months ended December 31, 2010, Delphi’s combined daily output of natural gas, natural gas liquids and crude oil rose 24.0%, to 8,539 barrels of oil equivalent from 6,888 barrels a year earlier. Delphi’s cash flow rose 26.5%, to $18.0 million from $14.2 million. Its cash flow per share rose 14.3%, to $0.16 from $0.14. Delphi has lots of drilling targets on its 244,475 acres of undeveloped land. It expects oil and gas from these prospects to raise its daily output to as high as 9,200 barrels in 2011. The company holds cash of $4.2 million, or $0.04 a share. Its $105.0 million of long-term debt is a manageable 36% of its market cap. Delphi is a buy for aggressive investors. AMAZON.COM $178.82 (Nasdaq symbol AMZN;…
SPD-1

You are trying to access subscriber-only content.

To read this article, you may subscribe or sign in.
If you are already a subscriber, log in here.

If you wish to become a subscriber, click here. Or you may enjoy access to all our publications when you become a Member of Pat McKeough's Inner Circle.