DBRM up 76% today with small volume. Haven't looked at their finances, but now pps only $.07 per share
An Undiscovered Gem
by Rob Goldman/Pennystock Junction
There are a large number of relatively unknown, small oil and gas exploration and production companies trading as penny stocks that appear to be attractive at current prices. We follow many of them. Few, however, have the upside of Daybreak Oil and Gas, Inc. (OTCBB: DBRM - $0.045).
Having followed Daybreak Oil & Gas for over three years, we think the company management is first-rate, albeit a tad too conservative, which is likely why the stock is so ridiculously cheap. Of course being too conservative is usually better than the alternative, and this stance now provides investors with a great opportunity.
First, a little history. Daybreak has a net revenue interest in 11 producing wells in its East Slopes Project located in Kern County, California. The revenue from these wells has been fairly steady and reliable to the tune of $250,000 - $350,000 quarterly for the past few quarters. Daybreak's average working interest in these wells is 40.15% and the average net revenue interest is 29.85%.