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Agreed. It’s not like the company personally trades their own stock, instead they cut deals with investors, in exchange they give it out to their money folks at a set conversion price. The company likely or could be, might be not too concerned about imo about what PPS is on the public trading prices. Why would they be? They already raised their capital. They got their $2.5 million.Their focused on what makes them greener corporate wise potentially - imo it doesn’t always correlate with public shareholders. For this to go up imo, it’ll have to be from other potential shareholders discovering and buying in, and they saw news out and think this can be a smart cheaper than cheap buy. Unless they start producing a substantial more oil, and attract new shareholders - imo - this many never increase to what we would expect it to be. I don’t think this might be going anywhere potentially for a couple of years perhaps. I just don’t see the company drilling anything new until months from now- after they secure a permit. That doesn’t happen over night either. Who knows when and if and where they applied at, or when they will. Hey great - they acquired. But show us the money Jerry. LOL at 3 pennies, aye aye captain, that produces 30 BOE daily in heavy kern crude. Maybe down the line PPS might increase - god only knows - make sure JJ you got a life jacket on. Do you think management really intends or wants a greener PPS some day? Only they know imo.
Hopefully this turns a corner. He needs to I agree start imo making cash flow positive. Time to start turning a profit here and have better filings - and increase market cap and hopefully a rising PPS, that stays up. Get some movement here.
Well now that he gas his acquisition - let’s see how if that or not raises PPS.
Back down to .03’s LOL.
Get your popcorn buddy LOL
Yeah I agree with you on that. I just hope he finally gets this together / patients was key for us over all these years. But eventually- the public shareholders deserve to gain appreciation in PPS. I never take any PR’s seriously over the years- nothings ever came from them. However, one always hold out hope - this one- it is what it is. Just like others.
But I hope they choose well and drill higher output potential leases first. Kern legacy hasn’t panned out in regards to any PPS green.
It’s always had potential - hopefully he finally gets this going green and stays up.
Exactly
Yes they did. PPS has steadily been declining - but dividend was increased over last 5/6 quarters while stock price declined.
As far as dividend goes - it’s been high last year and a half- but the risk here imo is will stock price hold in a certain range it’s at - or eventually continue weakening? Because a position taken, the dividends earned may not cover difference between more declines in PPS.
If it does steady- and if the divs continue at .09 - it’s a pretty good bargain. However- if PPS declines and div gets cut/ not so good.
JJ- I would like to see Reabold leases drilled and take revenues and make another acquisition and maybe see a series of acquisitions, over next few years- to add reserves and daily BOE increases.
Why would Reabold agree to be acquired - if there wasn’t a future strategic long range plan to acquire potential more reserves and companies past them?
IMO- They need to chew gum and walk at same time here. For myself, imo, it’s a no brainer to drill reabolds leases first and be flush with lots of cash, who cares about a faster decline vs the daybreak legacy leases with slower decline in new wells? It’d be nice imo to see that occur and hopefully their looking around and ID’d another candidate for acquisition or two - to GROW.
Use Reabold leases - to GROW- combined with Bakersfield ops. We’ve seen what the PPS has been like with just bakersfield leases - let’s imo use reabolds high producers to launch another acquisition - hopefully- that’s what they do here and we see future PR’s in 4 quarters they have another acquisition possibly.
I want to see growth here, imo. I don’t want to see just daybreaks leases drilled. Same ole same ole. We need high imo higher BOE producers and fuel another acquisition or two, in next couple of years.
Be pretty cool if they did end up doing just that. It would be a wild ride potentially if it works out that way and maybe in future few years down the line - an uplisting to a major exchange. It would be a huge uphill mountain to be climbed, but it’s something a board and CEO- would have to really want to do for it to occur and many other factors. Anything is possible. It’s a small company, with reserves compared to big majors - it’s a blip. But the potential is there imo, for daybreak to grow.
There is potential - we just need to see how they play this. IMO- if it were me- I’d be on the hunt/prowl at same time while lining up looking at another acquisition- while simultaneously working on CA drill permits.
We’ve been here, because we always thought Jim would eventually get it going on here. Hopefully on this most recent deal- we’ll finally see it increase and be able to say to ourselves - finally. We found it, hung in there, and rewarded for it. I can see a potential drill operation executed on new acquired leases and on daybreaks legacy low flowing BOE leases. I think I’d rather see new leases acquired to be drilled first to get a much more robust increase of BOE production, versus daybreaks older leases north of bakersfield that we’re so familiar with. I think for revenues - we’ll increase cash flows, PPS might increase along with market cap, and regardless if those wells decline faster after popping their cherry, versus longer curve declines in daybreaks legacy leases- they can strike out for other geographic acquisitions and keep acquiring. If the strategy is just to drill in daybreaks leases, I’d imagine or suppose, imo, Reabold wouldn’t care for that too much after finalizing the agreement.
I could see the potential in reabolds leases really being the catalyst to rapidly increase BOE- by the drill bit, which could imo, fuel potential more acquisitions geographically and add reserves. If it does end up going that direction, that might be a good plan. If it’s just drilling daybreak legacy leases - then that might show us their strategy. I just hope they roll up even more leases and just get after it.
But we’ll be finding out eventually. We’ve been here a decade + what’s another 4 quarters or more. I’m still here - so are you.
You know JJ- imo it’s long overdue really, that the common stock needs to rise in PPS up on this here within next 4 biz quarters. It would be nice to it get up over .10-..15 trading range someday. But who knows. I’m also prepared for PPS remaining stagnant. I’m just observing as usual. Hopefully this most recent acquisition - actually increases PPS. If it does- LOL hey- finally, if not - well are you surprised based on past deals? If it does- well hey we deserve it, we’ve been here for a long long time.
IMO- 6 months to 8 months maybe - up to a 1 year- if new outfit. Heard if you get good with same officials it can be less, more familiar.
We’ve seen financing deals Jimmy has entered before - so this recent one doesn’t surprise me - but they acquired at only .02 a share. As we’ve seen in past- just bc he’s obtained capital doesn’t mean stock PPS shows increases worth our time.
Who will the deal benefit- Jim and his company or will common stock shareholders? Forward looking statements - blah blah blah. You know the drill.
At this point in over a decade- this is going to be the make or break it for my thoughts about daybreak, over the next year here. If they don’t get the PPS up- anything they issue in possible new production PR’s- I won’t be enthusiastic.
JJ LOL it’s always been that way.
That’s classic JJ
Long on this is beyond foolish...better off driving down a freeway and throwing thousands out the car windows or donate to homeless. Wait until rates continue to be raised LOL- ORC will keep slashing and PPS will continue falling like an anchor off a russkie impounded yacht into the Atlantic sea floor. The PPS and dividend is a honey pot trap. It’s not what it looks like - a great deal on surface. Hopefully new potential investors are savvy enough to understand that ORC, will continue IMO to crumble, therefore anyone long- will lose their butts.
The honeymoon with extremely high divs in REIT’s and others - is over. Curtain call has already started and nothing anyone can do about it. Trade wisely everyone, especially on long acquisitions.
Correct - but the dividend will continue to be slashed over and over - and PPS will continue to deteriorate. There isn’t a way of out this. Why buy a likely decreasing div which becomes less attractive with principal investment losses? Biden has years left / orchid capital imo has no choice but to continue reducing div as rates continue to rise. Why else would they reduce dividends to shareholders - why bc their bleeding cash? Burn rate isn’t looking good here and by reducing dividends they are bailing on shareholders and from attracting potential new ones.
This has short me all over it - but trading in out also- but you’d be out of hour mind to hold this long with rates likely to continue go up for years with biden still in office another 2/3 years. The dividend could be reduced to a penny by time their done or completely to zero.
Hello everyone
Saw the decrease coming - interest rates are rising and will continue and as they do this div will likely continue decreasing.
Pump coming maybe LOL
LOL watch it go up after years in the county morgue.
It is possible, the merge may not create any sustainable PPS increase/ but merely only be a way for the company to finance via using its shares in exchange for finance capital.
It’s been a long long road here. It’s kind of funny it’s only producing 30 BOE after 10 + years daily in kern lease. Stock that’s always in the tank trades under a nickel. Someone help us out here, LOL.
JJ- nothing has come from any of their past acquisitions in regards to a higher PPS that also maintains and stays higher. I’m cautiously and wary.
I saw that too. It befuddles me that daybreak only produces 30 BOE out of kern for what over a decade now? First it was KY and APP deal, that imo didn’t work out. MI - but nothing has come from that either. Now it’s this Reabold alleged deal? One can acquire a shut in lease in other parts of the country for not a lot of cash and rework wells - and produce oil & gas. Get a good NRI/WI situation. Why is it after over 10+ years this is where it is, I mean the PPS is stuck in first gear for far too long imo. We need a higher healthy PPS, this will never move up to a higher exchange imo without a RS, the PPS needs to start imo being built up. Where is the institutional support, but why would they right, it’s only 30 BOE daily. A stock that’s under 5 cents for years, only 30 BOE daily after 10+ years- what in the hell is going on here, right LOL?
It’s as if it’s were on a listless boat adrift at sea imo. No air in sails. Not going anywhere. Something needs to start changing here imo. It’s imo been far too long - over a decade? All kinds of potential in world, doesn’t equate to a PPS not even a dime or let alone a quarter? Maybe this Reabold deal will finally get daybreak off the dirt. Who knows. I’m looking at this going - what’s going on here? Glad the company is getting obvious tax writeoffs and making hopefully some revs- but as common shareholders - why is it under 5 cents? Patients imo- has been tested for too many years- holding this.
The $2.5 million needed it would be nice to see how that’s going and more importantly where did they go for it?
How do we know this Reabold alleged acquisition will benefit common shareholders with a healthy increase in valuation?
Time for Tom Brady is right...let’s see some BOE, the kern is a yawner.
I’m wondering why they haven’t acquired leases in Oklahoma, Texas, New Mexico, Colorado, etc? After 10+ years of low production from Kern, seems like something isn’t firing on all cylinders with daybreak. Instead of acquiring Reabold, another lease in CA, why not in other parts of country, where production BOE is higher?
Where is the institutional support, why is pps so so low? Nobody imo knows about this company on Wall Street?
I just simply do not understand after this many years why it’s trading this low for so so many years.
With record low rates for years- the opportunistic ability to expand is readily available. By giving shares out in exchange and raising $2.5 mill- we better start to see some operations jumping from 100 BOE+ to 200 BOE+ within 12 months.
After all this watching and only 30 BOE, daily production and a PPS less than a nickel, someone wake me up in another 10+ years.
We really need too see after this acquisition more aggressive holes being punched and move up off 100 BOE, in a big way. I’m hoping they do. Because if not, IMO, this will continue to be a low PPS, along with zero institutional investors.
They need imo to step up here and start growing this BOE daily production.
There are leases all over Texas & Oklahoma that would produce much more than daybreaks CA lease. Seems like a lot of work and capital investment for only 30 BOE after 10+ years right? Reabold has something Jim wants or is after. Likely higher flowing leases much better than what he has for 10+ years. Let’s face it, 30 BOE after that many years, money invested and time, isn’t exactly breaking any production records.,
There must be something else, has to be imo. So going to allegedly 100 BOE a day is I guess a big deal for this operation. Still it’s CA, wells fresh drilled will spud lots of initial BOE- then they slow down dramatically. Slow and steady eddy.
But- it has its drawbacks - sure dependable. BUT- not a lot of oil overall BOE. To grow one needs higher BOE daily, to attract institutional investors and support. DBRM doesn’t have that and still may not after this merge. Which means PPS, shareholders it could be a flop, or a mixed bag. You can’t have 100 BOE daily and trading where it’s at- imo I just want higher PPS. Issue all PR’s they want too, but deliver a higher PPS to make it worthwhile common shareholders.
There is potential here, always was. But- we need imo to see institutional support here imo it’s just as important as 100 BOE.
Maybe Reabold sits on 100 BOE+ 1-4 well gushers? If Reabold can be a cash cow, then use that $, to go after other strategic geo leases and roll them up. Increase production and do something here. I’m bored with the kern leases after this many years here.
Let’s move on here and start getting institutional support and boost PPS.
Correct. But, merge has to be completed - but after over a decade + and only 30 BOE daily in production - it is what it is. Reabold will become a major shareholder - for Jim to do that- IMO- by opening the door for that many shares of the company- Reabold obviously has something Jim wants. My opinion - a higher flowing lease, vs the low BOE grind it out like molasses kern patch he’s been working for 10+ years now.
But question is: whats the driving force behind Reabold giving up what looks like a much more productive lease versus Daybreaks? Something is amiss here, imo. After observing for many years- there have been PR’s issued that didn’t bump up PPS, the KY and MI news.
We’re only at 30 BOE, that’s IMO, not a heck of a lot of oil when you compare to other O & G companies. It’s minuscule, IMO. I suspect that CA lease is too hard and time consuming to only produce 30 BOE daily. So IMO, their looking to increase BOE, from a better lease that’s more productive. Because - why would Reabold be acquired? You have to service the debt and everything comes with it. So why is Reabold looking to give it up for shares?
Think...
What year was that run up? It was so so long ago- I forgot exactly what year..
That’s correct - I recall that when you did, when a firm was contracted with to get their company out there.
I remember Birdman. Wonder what that persons up too, LOL.
Petroleum Production has is only 30 BOE, which after over a decade, its sort of ok. But overall, it’s not big. Even 100 BOE after proposed merge, isn’t really much. Question is, who takes over Reabold leases in Mgmt and if daybreak is or isn’t- then there’s also the question of revenue splits. Does daybreak also assume Reabold debt or if the merger is actually consummated, is Reabold still their own company operating internally of daybreak?
There are so many grey areas here imo. Convoluted with no clear picture- yet. Plus there’s the question of ok, the $2.5 mill capital being raised - what are the terms? From whom? Is JW, going to be %100 in control of ALL decisions solely, with how that $2.5 mill will be used and implemented, and to which lease Reabold or Daybreaks?
Are they going to acquire and roll up on other leases?
IMO- I’d take that $2.5 and drill Reabolds, if their lease is higher in productions BOE regardless if they’ll decline faster than Daybreaks NE of bakersfield. The cash flow would be much much higher with reabolds lease, versus Daybreaks. Take some of that huge influx of new rev cash, write it down, but still take profits and drill maybe 1 lease in daybreaks. Sit on that, for a bit.
Then I’d take advantage of acquiring other leases geographically and propel BOE from 100, original combination at merge. If they drilled Reabold and somehow flowed 100+ BOE they just doubled production up to 200 BOE, for a couple of years- before declines show up. Then if they drilled Bakersfield, maybe 2 holes, and get maybe 2 BOE on average per well minimum, after initial higher flows - then we’ll see how this works out.
It’s obvious IMO, that reabolds leases likely have many more BOE daily. Cash cows.
You can go into texas and easily acquire 10 +!BOE for only $250,000. That’s 1/3 production of Bakersfield currently produces. So for $750,000 or even less, if one hunts around- in texas- on the cheap- you can equal the 30+!BOE of those kern leases and for a heck of a lot less capital. Millions less. Fraction. Less regulations in texas versus that crackpot newsoms California.
I think Imo- If was in the biz, I’d have rather over last 10+ amount of years invested into TX, LA, OK, MS and got more bang for the buck. CA is a pain the ess, far to many regs with hostile Govt to O & G. I think the gas plays out there are highly attractive with Henry hub spot prices, and natural gas becoming the go to fuel more and more. I’d diversify out of CA- in a blink of an eyelid. Keep ops in CA- but build BOE with local geo plays - but leverage out to other states.
I’d like to see diversification out of Bakersfield and higher BOE and systemic and organic growth BOE opportunities with acquisitions even past reabolds. If ones going to do it - DO IT. But there is a possibility IMO- if Reabold is drilled their could be 100+ BOE more and can end up with 200-300-400+ BOE production. It depends. We just don’t know. Reabold and daybreak likely knows.
But I ponder, that daybreak could double its BOE within 12 months maybe little longer depending if they can get permits for Reabold leases- that’s if they go that route.
Who knows what direction their going. Slow and steady with turtle Bakersfield or the running bunny rabbit with reabolds.
Me: I’d blow it OUT. Reabold all the way especially with $115 BOE. Drill baby drill. Take cash and acquire other geo plays- can always come back to the turtle Bakersfield BOE.
Yup remember the days when it ran up got a bit then people bought in and got stuck at the top? Many years ago.
Likely the case JJ LOL. JW been at this a very long time and there’s only 30 BOE daily? So going to 100 what does do for us as common shareholders?
Not too many shares sold, today, for a pending acquisition to close shortly?
I’m not sure how this pending deal will have any positive common shareholders to the upside PPS. Yes it shows conversion at .45, but that’s NOT for common folks, but others, nor does it imo equal that’s what common stock is or WILL BE worth on open market.
If this company has any aspirations to move to a higher exchange, it will have to minimally trade at $1.00 for a long period to qualify. That imo, will not occur, unless 2 things happen. Stock PPS rises considerably on its own or a combined potential RS- to try and get it higher.
I just don’t see that occurring at moment. Sure extra oil and revs is peachy, however, nobody knows what they’ll do with it, or even when!?
I’m just sitting back watching as usual. But I’m not buying into alleged potential news, until I see an actual execution, and subsequent, positive activity that could potentially enhance a very low valuation in common shareholders situation.
One would like to surmise hey there’s potential here, but this has always had that. Just hadn’t panned out for commons so far in many many years. Doesn’t mean can’t occur. Anything is possible.
But...hey go DBRM!
I’m playing the trade in out.
Great div no doubt. But PPS declines, doesn’t make this a full time long term hold. In/out - stay get divs- buy/sell rest of month add shares, rinse head & shoulders out, repeat.
It has
Agro rate hikes likely will force hands of Mgmt to further reduce div. I’m trading it.
I’m adding on dips and flipping on spikes for some time now. Doing ok. Long term holds- nyte. Timing ex’s and divs. Very predictable.
Problem is rates will likely continue to increase over 22’ and into 23’ and ORC will have to cover that by decreasing dividend again likely. Sure they built baked it on now for the moment down to .055, but that likely will be reduced again. Which means PPS, will decrease dramatically once again. It’s a slow spiral down. They can’t stop it either, because they have no power over interest rate decisions.
For dividends paid monthly it’s great. However, the PPS investment, you want stability and not prone to decline, on the other flip side of this, the PPS, will likely be impacted when they IMO possibly are forced to reduce further down the road 3/4 quarters the dividend yet again.
But then again, PPS, may continue to drop regardless without any more reductions of dividends with zero connection to rates. Highly leveraged. IMO- vulnerable. I’m betting on a continued further drop in PPS.
The dividends imo is the light bulb the moths are attracted to, however, the fly swatter nobody talks about is the continued drop in PPS. Wont surprise me if PPS drops to low 3’s and crosses below that...so yeah divs look good in account - but your getting principal cash invested reductions in original value. You hold, you eventually lose on the PPS declines. Once your in, your in. Who wants to take a loss on further PPS declines?
That part sucks, big time. Divs sure- great. But look at declining PPS, and rising rates are not going to be over for ORC imo and further rate increases will occur and div slashed yet again - then looking at even further massive PPS declines.
If your day trading it month to month, ok. Long term - imo- nope.
It will remain to been how they raise the $2.5 million required and operational decisions on where do they drill first their original lease outside bakersfield or the new acquired one Reabold developed.
IMHO- I suspect it’s likely not connected to any debt conversion - the selling off and might be just open market.
After watching for years, IMHO, I just don’t think it would match up with what I’ve seen how Jim has operated.
There may not be any pop in pps either after the closing. I know people would like to assume that could occur. It could, but I’m suspecting, it very well may not.
Because if “the market” suspected IMHO these shares would be worth much more in the near term, why would they be priced like this? Be great if it did, but I suspect maybe not.
Right, agreed.
Massive volume - something is possibly afoot. That never occurs and PPS dump. We’ll eventually possibly learn why later that massive amount of shares were sold off.
Is there a potential RS, on horizon? Seems peculiar that many shares were liquified in 1 trading day, like it was very odd. Who knows, maybe not?
Heavy activity between 10:30 am and 11::30 am today and then again later in session.