Its assets are an upside

Article Excerpt

DELPHI ENERGY $0.37 (Toronto symbol DEE; TSINetwork Rating: Speculative) (403-265-6171; www.delphienergy.ca; Shares o/s: 185.5 million; Market cap: $70.5 million) explores for, develops and produces oil and gas. In the quarter ended September 30, 2018, Delphi’s cash flow jumped 52.7%, to $11.6 million, or $0.06 a share, from $7.6 million, or $0.04, a year earlier. Most of the jump came from higher oil prices in the quarter. The company’s $149.1 million in long-term debt is a high 2.1 times of its currently depressed $70.5 million market cap. Like most oil and gas stocks, Delphi’s shares are down considerably since 2016. Still, its high-quality assets put it in a good position to rebound when energy stocks recover. Delphi Energy is a buy. buy…

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