Daybreak Oil and Gas Inc (DBRM)

[brillba]

This company will be BK by the end of 2015, no doubt. What makes you think anyone is lending to Daybreak when the Juniors cannot even secure financing? Perhaps their hedge book will get them through the oil selloff? Oh wait, they don't have one.

Not to mention no movement on rigs or any PR's regarding the current state of the company in this difficult environment.

Yes the PPS has round tripped back to the "old days" although I wouldn't expect it to recover ever again. Just my 0.2 cents.

The only good news here is the PPS decline provides an opportunity to sell at a loss, offsetting some tax liability in cap gains for 2014. Other than that, that's about it.

P.S. Reading the tea leaves, note heavy selling at end of this tax year. If current holders believed their would be any chance of recovery, they would hold the stock past 1 January. Since they don't, they are selling for a tax loss. Lemon aid out of lemons. Some of the heaviest volume in this stock has occurred over the prior week, that tells me something.