Daybreak Oil and Gas Inc (DBRM)

[True Blue]

There was minor news today, geopressure, but it wasnt much of a catalyst. Stocks are forward looking vehicles but this one is really undervalued still as compared to what we are expecting over the next 4 quarters. I would expect that the next bit of news is about the Kentucky property. The Kentucky property is what is going to propel this stock up above 5 dollars sometime in 2014. A market cap of 275mm takes us to 5 bucks which should be easily attainable. I know to some this number doesnt seem plausible but I assure you in the oil patch these are very safe numbers for a small cap O&G. My numbers may be being conservative.