DLS 0.00% 69.0¢ drillsearch energy limited

Ann: Quarterly Report December 2014, page-20

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  1. 8,188 Posts.
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    Hi guys,

    Yes I agree with the previous posts , DLS is in a very good situation thanks to low production costs and a very profitable hedging in place.
    They are basically robbing a bank if you look how much cash there is coming into the kitty in the next 12 months or so.

    With more then $150 million in the bank they could also use some of that money to grow even bigger and pick up some of the oilers which are a bit overstretched in the current low oil price environment.

    I expect a nice surge in the shareprice back above the 80 cts level as the market starts to realise what a bargain DLS is and how they are still making heaps of Cash while others are not doing so well.

    DLS is different and with the renewed interest in oilers on the US markets , I think Monday will be a good day for our shining star.

    Time to top up??

    good luck

    jojo
 
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