Daybreak Oil and Gas Inc (DBRM)

[maverick one]

I just don't see how JW can raise cash through accredited any further or what options he has here with serious high interest rates draining the cash flows coupled with Kmart Blue Light Special Barrel prices.

PPS I can see why someone was acquiring last week because of low prices anticipating a rebound down somewhere in the distance.

IMO I think Sunset could survive this drop. But, if prices drop so low that they are churning out at a loss and for an extended period of time- that could spell trouble depending on how deep of pockets they have or access too.

If oil rebounds question is what does PPS go back up to when it does? One thing for sure is that there are some serious haircut deals for leases all over the country for sale at dirt cheap prices. It's a potential opportunity for Sunset to acquire and add- but at what price and if they can outlast the drop at same time.

I think it's getting low enough that you might see more activity and investors scraping the bottom on this little tiny play picking up shares thinking that the company will make it through this oil decline.

Oil has gone lower before and if Sunset hedged they could be just fine and dandy.

We'll see how she shakes her ass right?

That bid at .03 was long overdue IMO.