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DVPC - Pro / Con
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[QUOTE]Originally posted by blue_in_MI: [QB] as Purl discussed a bit in her 9/1 post above - DVPC stopped filing normal reports, and thus became a "pink sheet" stock. filing is required for the OTC and other exchanges, on the pink sheets anything goes though. generally the pinkies are too "wild west" for me, but - i do own 3 at the moment, DVPC being one. Purl has a good point that with recent regulations changes (Sarbanes-Oxley), it's now more expensive to be a "reporting" company, so many OTC companies have dropped out and gone to the pink sheets for this reason. FRGN is another example of this recently. this isn't necessarily bad in and of itself, but - it does mean that stocks get cheaper valuations than they otherwise might on the OTC. back to DVPC, yes i agree that the PR this week was promising: "Although it is premature to predict commerciality of this well, we are pleased with the preliminary drilling results." sounds like things are progressing well, but - will be a wait and see game. "All of the wells have provided indications of the presence of economic quantities of natural gas. However, no estimate can be made at this time as to proven oil and natural gas reserves nor can the preliminary results of the development efforts be considered commercial, or proven conclusively, until gas has been produced into a pipeline for at least six months." especially with microcaps, investors tend to have teeny attention spans - many people probably read the 6 months disclaimer and figured they'd wait it out. i still think is a bullish environment for n-gas stocks, and am a little surprised DVPC hasn't moved up at least a smidge. but - honestly i think DVPC is best viewed as a stock where if you're bullish on natural gas you consider buying a small portion, along with perhaps 3-4 other similar startup companies like say maybe bingo's TDYH that ran today, and hope that 1-2 eventually hit it pretty big in the long run, imho. i have a small stake in DVPC and can be patient, things seem like they're progressing along fine for now, so will just check in on them briefly every month or so. [/QB][/QUOTE]
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