Daybreak Oil and Gas Inc (DBRM)

[xiws]

Welcome all you new folks
I'm one of those that has been sitting, watching and acquiring a bit, though quietly, for some time. I'm not quite as gung-ho as a few others, but I do like what I see in DBRM.

They have done well in property acquisitions, property sales, financial management, avoiding dilution, etc.
They do need to get cash-flow positive, and I'm pretty confident that the permanent production facilities (lower costs and higher output support) combined with higher per-barrel prices has got them there or pretty close. Every new well is a bit of a short-term cash sink but starts adding to the revenue stream much faster.

The recent company news was generally expected, if you've tracked the company for a while. They did what they said they were going to do. I like that. The independent research, well... on that I'll reserve judgment. I like the positive tone. I don't have any reason to disbelieve it. But I've seen lots of such reports over the years. We'll see.
DBRM is still a very small company, without much coverage, and still qualifies as a penny stock. Strong production, revenue, profits, etc will change that. But it won't likely change it that much in 90days.

But I do believe it is likely to be a slow and steady rise, with the usual plateaus and drops, going forward. There will be folks that bought at .10 that will sell at .15 simply to take a 50% profit. Seems like leaving money on the table to me. I suspect that there will be very willing folks to pick it up at .15 as well. And so forth at each level as it goes.

Anyway, welcome again.