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Mav,
Have someone get back to me when JW schedules a roadshow w/ a group of MMs
Mav,
That does make sense acquiring APP, but it doesn't preclude JW in entertaining a suitor as time rolls on.
Either acquiring another company or entertaining a suitor, all that aside dbrm should be courting MMs.
After all that's a process to achieve acquisitions & or entertain suitors.
IMHO, of course
Yeah,
I'll do mine for $4 pps also. Tell me which door to go through & I am there, tomorrow 1st thing.
I would have liked to see those monies ($8.5k & $3k) spent on courting MMs
I am w/ Mav. PRs are good, but that only gives the pps a modest bump. & Green Barron news ltr has the same affect...a modest bump.
What we need is a couple MMs to market & offer dbrm through their channels.
There is certainly enough good news to get a couple of MMs engaged.
As I have said b4, the boyz @ Maximilian should be able to get those MMs engaged
JJO,
Here is how I figure, it is really simple.. hori has @ least one market maker that is making it happen.
I agree, as you stated "hori has no evidence of any drilled wells" or obviously not producing wells.
My hope & expectation is that the boys over @ Maximilian can get @ least 2 market makers interested in dbrm.
The independent oil & gas exploration industry p/e is 22.9, http://biz.yahoo.com/ic/121.html
IMO, of course
"Champagne anyone?"
Oh yeah, when dbrm hits $3 pps
I would venture to say that the Grove H-7 was popped today w/ some impressive measurements.
Impressive buying be ginning approx 11:30a today
imo, of course
I have a theory as to when there are spikes in volume to the upside & then a PR hits the wire.
I believe that someone on the drill crew sees that there is good flow rates or pressure or x # ft of "oil bearing sandstone", he/she calls in a buy order or maybe they call their brother in law telling him to buy.
Or maybe it is the truck driver that knows production is happening as he makes frequent trips carrying the oil off to market.
The drill was scheduled to be on site on the 15th of this month
A big xaction on the buy side today. That typically means good news will hit the wires soon.
My apologies to Wayne Dotson.
I never fully read his bio on the DBRM web site. He is indeed an "oil Man" w/ a good career in the oil bidness.
So all of the board seats are now occupied by a very well experienced "Oil Men".
Things do look good going forward.
inmo of course
I cant imagine why the Lavigne boys could "disagree on the focus of the company" when they are popping 260 BOPD oil wells in succession.
What ever, we are probably bleeding out some of the bad blood on the board. In all but 1 board seat it appears that we have real "Oil Men" and not pharmacy pill counters on the DBRM BOD.
Could also mean Jim W & the other Oil Men have some projects on the drafting board or in progress that will have a positive impact for things to come.
Fritz,
Do you have a URL reference point for this news?
I did a search on yahoo & google......& nothing other than the already posted PRs Re: production reports on the Ky wells
Yeah, I was wondering about H2 also.
Was it a dud & capped or was it just passed over in favor of the other well that are now producing?
March 15th will be this coming Saturday to start the next 5-6 wells.
Maybe some good news on St Patty's day? or shortly thereafter.
You know, one thing that I do notice on this press release is the absence of any mention of APP.
In past PRs Jim W. Has always given APP a favorable mention or platitude within his statement. But nothing this time.
One has to wonder if APP is holding up their part of the req'd effort/resources of the agreement contract. If they are negligent, their 75% may be in jeopardy?
Also, we have to give the people on the ground @ the drill site(s). That area of Ky has had some terrible winter weather recently. I really did not expect to hear any thing until mid March or early April.
So I tip my hat to the ground crews for fighting off the inclement conditions.
Yeah Johnny,
We are stuck here in the mud.....we have to to give the new boyz mgmt team to get us up & running in due time.
Sit tight y'all. It appears that for the moment we are @ zero....it can only get better from this point in time.
not here mohn
According to yahoo's financial site, American Eagle (AMZG) has not reported any earnings per share to date.
AMZG is also presenting @ the ENRO conference in SF later this month.
CRBO & FPP have reported positive earnings & therefore have a p/e ratio to benchmark against DBRM
With the prospects of dbrm being postured in positive earnings given the news of Ky & Ca wells production, I did some research on P/E ratios.
There are 2 benchmarks we can refer to;
# 1 Carbon Natural Gas (CRBO)
97m market cap drilling in the midwest shale areas p/e 42.5
#2 Fieldpoint (FPP) 34.5m market cap p/e ratio 34.5 producing wells primarily in Tx & gulf coast states.
Both of the following companies are based in the US. There are others but, they are non US based companies & not listed on American exchanges.
With some luck the boys over @ Maximilian will find a couple market makers to get where we should be w/ dbrm
go to post 3125
The Lord knows that I am not a lawyer either.
However I've read both docs & without the aid of any Cliff's Notes, I came to the same conclusion as you Birdman.
Mav,
So let me understand your post #3587 ;you believe that there will be a PR on dbrm securing more acreage in Ky, b4 a PR on well production data?
Well, assuming that you have home back to your residence....welcome back to civilization.
I used to travel there in the mid-late seventies. Dont go there if the miners are on strike.
I hear that some of the good ole boys have gun racks.... on their riding mowers
Mav,
With all of the statistics you put on your most recent post, it makes me wonder as to why Eddie C. & company will do a, or some roadshow(s) to court potential market makers. This is a very common practice by investor relation people & Sr. Mgmt
It appears that the KY projects will put dbrm in positive earnings space, maybe that is when the roadshows will happen?
That is when the pps will take off in a positive direction & we will know if the prospective investors will appreciate the stats of what you have put into most recent post.
I do agree, this is the most undervalued O&G Exploration company trading on the NASDAQ board.
The P/E ratios are are 29 points plus for the O&G Exploring companies that have profits to report & apply the P/E.
http://biz.yahoo.com/ic/121.html
Check out BECI's P/E Ratio
http://finance.yahoo.com/q?s=bcei
As I read that doc.........it is as of 08/31/13. So the #s logged within the grid @ the bottom of the web page is absent of any production in the Ky wells
BCEI carries a P/E ratio of 30 & change
http://finance.yahoo.com/q?s=BCEI&d=t
Latest avg P/E ratio for independent oil & gas exploration.
Industry Statistics
Market Capitalization: 4,446B
Price / Earnings: 29.6
Price / Book: 2.1
Net Profit Margin (mrq): 8.0%
Price To Free Cash Flow (mrq): -2012.3
Return on Equity: 6.9%
Total Debt / Equity: 51.9
Dividend Yield: 2.1%
Source: http://biz.yahoo.com/ic/121.html
I follow your #s presented & they are very close to the #s that I have been putting into my equations....Just 1 question out there is; what the will the p/e ratio be with all of this good news?
I follow your #s presented & they are very close to the #s that I have been putting into my equations....Just 1 question out there is; what the will the p/e ratio be with all of this good news?
Like Gus Sands (Darren McGavin) said in The Natural...."I like the action"
I am quite sure Eddie C is one among us. It would be silly to assume otherwise.
I think we are due for some news from Ky.
Going back to the most recent PRs on Ky. they were to fract the the other 2 wells drilled in Ky & some news on the next 3 well sites were scheduled to happen b4 yrs end in Ky.
I spoke w/ Eddie C last week & asked him to "tell me something good". I tried to press him on news about KY wells & all he did was recite previous bits & pieces of PRs previously posted.
After I got off the ph w/ him, I didnot know anything more about dbrm than when I placed the called.
Mav,
I was once told that on DBRM's assessment of the 3D, they projected 20 million barrels of reserves. I was told by the same source that Chevron's assessment was 30 million barrels of reserves.
I do believe there is an abstract of that 3D posted on DBRM's web site.
That was close to 6 yrs ago. Has your "birdie" projected any #s?
Whoa....151k shares traded @ 9:32a up to .41 pps
There is got to be some news here
Yeah,
It is awfully quiet when wells are poppin' open in Calif
& the Ky wells were supposed to have flow rates, ft. of pay zones reports
& whats doin' on that 3rd Ky well popped a couple weeks ago?
& yes, what about the 3 additional wells in KY?
Has anyone talked w/ Eddie C lately?
"Good point on the market maker, butI don't know what we can do to get that moving".
That task is typically is done by Investor Relations people
Yo also birdman,
I follow your math & your formula(s)
What is missing is the P/E ratio in your formulas. This stock will need @ least one preferably more than one market maker(s) to drive a P/E up.
An effort should be made to establish market makers, where we are now.
As I have offered on this board b4, here is a link to Independent oil & Gas explorers statistics
http://biz.yahoo.com/ic/121.html
This page has a 63+ as an average P/E. That would be nice, but my guess would be more like a 30 P/E is where this stock is going w/ @ least 1 market maker.
IMHO, of course
Has anyone out there called Eddie C? to see what is happening.
W/ all this activity on volume, there has to be a PR forthcoming.
Cantor-fitzgerald is a really big deal....if those guys are doing anything w/dbrm stock............that is big