Thursday, May 01, 2014 9:35:25 PM
What do I know?
Well I got into this dbrm w/ some pretty good dips back in 05 about the time of Katrina, when they were pumping nat gas in La.
That was the previous mgmt. which were some buy a shell, pump & dump it guys. Those guys did court MMs & dbrm did go up to $3+ pps within 11 months....but I didnt sell
Then I went in for a bigger dip in early 08 when they obtained the 3D in Ca. I was told that the dbrm field geologist estimated 30m bbls of reserves on the 3D & Chevron (then) dbrm's partner estimated 50m bbls
The new mgmt crew are obviously not the pump & dump cultural type. So my guess is that JW & the crew do not want to be associated w/ any type of pump & dump connotation.
But I say wake up & smell the coffee & get over any fear of the huckster connotation..........this is a great & legitimate story to sell to the MMs as I have previously posted.
There is no reason whatsoever that dbrm should not be @ $3-$4 pps today
As things stand today, my hope is that the boyz @ Maximilian can take the lead on promoting this grossly undervalued stock
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