Delphi is Still Cheap

Article Excerpt

DELPHI ENERGY $2.37 (Toronto symbol DEE; SI Rating: Speculative) (403-265-6171; Market cap: $162.2 million) reported 5.3% higher cash flow per share in the three months ended December 31, 2007, to $0.20 from $0.19. Revenues were up 16.2%, to $26.6 million from $22.9 million. Production rose 17.8% to 5,868 barrels of oil equivalent production per day from 4,982 barrels. Gas makes up 84% of daily output. Delphi produces oil in east-central Alberta, and natural gas in northeast Alberta and northeast British Columbia. Delphi trades at less that 3.0 times cash flow. Delphi Energy is a buy. buy…