Daybreak Oil and Gas Inc (DBRM)

[maverick one]

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.