jjwood
1 year ago
Hey another question if you see it, Are you in california, I thought you might be. Im in NKLA stock, hydrogen trucks, and apparently the state gave them a 42 million dollar grant as part of a clean energy program, they have partnered with Bosch and got an order for 13 trucks from JB Hunt today, things are happening. I bought a couple thousand at 1.01 about a month back, closed at 2.67 today.
jjwood
1 year ago
Hi Maverick, hope all is well with you, Sorry I have not visited the boards in a while. I see they changed Ihub a bit. I still don't have much faith in dbrm with their 1 press release every 3 years.
Hope your divy stocks are doing well, I think you were in olc as am I, its finally going up in pps.
If you are still investing check out yieldmax etfs, there are currently 7 of them yielding from 30 to 70 percent. I am in all 7 but I'm still a little sceptical but over 3 months they are doing pretty well. Maybe you already heard about them. Good luck and I will check back here more often. At one point I had given you my email but not sure if you tried it.
jjwood
1 year ago
Thanks for the well wishes. I have not logged on in a while. Baybreak hitting new lows, no news, diluted, lol.
got a pretty good stash of oxlc, also been buying jepi and jepq. Had some uan at around 100 dollars and it declared a divy of over 10 dollars but I had that one for years, bot sure if its very solid.
I am probably still 7 or 8 years from retirement, just trying to be smart with my money if thats possible.
maverick one
2 years ago
Trying not to bag on daybreak - I do believe that they can still execute here for shareholders.
But the State of CA is no longer a friendly state for O & G- back 20,30,40, 50,60 + years ago, back then, that was not the case. You know writing is on wall when you see 2 big majors dumping AERA.
It’s just after over 10 + years there has been misfires and as a shareholder I have to move on if they don’t start increasing value here to public shareholders. There isn’t any benefit to continue to hold this - without getting any return of PPS appreciation or dividends.
I truly really want them to make it- same as first day I found it. But...the rare blue moon PR’s and lack of opportunity in PPS appreciation is coming to an end potentially for myself.
I am a patient investor - but it’s imo - not in my best interests financially if nothing comes of this. I hope it does! But, I have only myself to blame for investing in this company. It won’t be their fault - but mine - if by end of 23’ this hasn’t executed and I’m still here. We all make investing decisions and I own my own failures when I invest incorrectly.
I was always a fan of this story here and believed in what their trying to do here. The new geo acquisition was a good move. However- doesn’t mean anything to me as a public shareholder point of view if we don’t make money either.
For me, this isn’t a RUDY type of story here. It’s never been emotional. I just thought it had opportunities to go somewhere in the past. So much time has gone by here. It still does have opportunities to make it - but that’s something they have to do execute as a Corp - not us as shareholders. But EOY- I think that’s ok to give them more time to secure permits and drill.
If not - it’s finally bon voyage on the SS Daybreak for myself and I’ll be out by EOY 23’ sadly I might add.
maverick one
2 years ago
Yeah I gave up on this long ago, it’s possible they may not pull off anything with permits between now and EOY 23’ -if not- I’ll unload by then.
Smart move on getting out at .05, I’ve always invested into bonafide legit companies that distribute great divs to its shareholders- excellent for passive income. I usually acquire monthly dividends- with less quarterly types. That’s a great move and keep on buying stocks with divs JJ- congrats!
The story here really isn’t one and never really was. After over a decade+. Had earmarks of potential imo, but faltered and has sunk in PPS as we know tremendously. IMO- I just don’t see the company becoming a big player in CA energy markets with governor calling for a complete ban on new drilling in 2030’s. It’s a tiny tiny outfit, compared to the majors- saddled with far to much debt imo.
The OS, could very well be too high now imo. Where is the value for a thinly traded non liquid micro teeny weeny Penny stock?
CA regulations strangle oil/gas companies. Majors shell/Exxon dumped thousands of wells in October in CA in a company called Aera for billions to a German Corp. The oil and gas future in CA, isn’t a bright long term investment nor a wise one imo/ when the state of ca government doesn’t support it.
Doesn’t surprise me imo, it’s been rumored this company has been delayed in getting permits. But if they do, ok what’s their plan, how does that actually translate to public shareholders stock rising?
I just don’t see how this can rise - unless they secure those permits and actually drill 1-2 wells and increase BOE with higher producing wells further up the 5 from their kern play. If they choose imo, to just get permit for a kern well or two- how does that benefit bottom line and create potential new shareholders to create any serious interest here or a rise in PPS?
Wouldn’t it be wiser to drill new wells in higher producing more lucrative recently acquired CA leases further north of kern? Where cash flow will increase much more $ rather quickly?
If this turns out to be their just going to same old same old routine in kern - I’ll likely be selling eventually. This has to start moving to keep my interest and money invested any longer. End of year 23’ that’s it for me.
maverick one
2 years ago
Perhaps capital should be raised and buy into other industries and maybe form a spinoff for shareholders. After this many years - it’s really frustrated a lot of good people who believed and took a shot with investing here. Been better off with a money market account LOL.
Kern hasn’t to date, imo, equaled success for any long term green in shareholders trading accounts. Imo it’s been like riding a horse into the desert and got lost with no water and you see a mirage out on horizon.
Drilling a couple more holes in kern how does that financially benefit the investors that hold common stock shareholders? How will that raise pps and keep it up? Where’s the new blood shareholders flocking in and sticking around? We just don’t see anything here- like where’s the plan Stan?
Something imo really fundamentally should change here with this shell - either new leadership at top, different industries, do something Jesus C.
If this doesn’t pan out after permits issued, and sustainable green pps in trading account / I’ll be finally out the door here in 23’. It just won’t be worth imo waiting any longer - Thats if I can sell off and there’s a market and not trapped having to hold it.
The lack of liquidity and lack of volume has long been a serious issue here imo.
maverick one
2 years ago
Perhaps daybreak may possibly want to or should diversify into other industries - such as lumber, mining and not just o & g.
Heard dabbling of some form of timber/lumber can be pretty lucrative. IMO- it might be time to start branching out into other forms of industries than just O & G. Imo something needs to occur, to stimulate assets and income rather than just doing this. Bc this hasn’t been working for too many years now imo.
Gold, silver, platinum, lead, zinc there are numerous other industries to diversify into- timber is a highly lucrative potential entity that can easily be started as an added income stream to DBRM.
I don’t see why the BOD, shouldn’t start to look at the direction of DBRM, and maybe start to think new directions and industries might be a good move here.
Maybe one of the frustrated long timers should just buy a OTC pink shell start their own company LOL. Or create a blank check company and say hey we can do this too, but with better results to shareholders.
maverick one
2 years ago
It can be - a few of us have been around this for a really long long time, like 10+ years. Nothing gets done in a hurry usually. Lack of news is the standard here. The CA deal, imo, it’s been a real trying situation for common shareholders going back many many years. Before that, the company was in a different friendly O & G southern state and it was a different situation for common shareholders of common stock.
From a common shareholder viewpoint, to date, since the acquisition of the Kern property- at first it was an ok, on the surface, type of promising potential- to over period of years - it just petered out with not much communication over years. There was a stock promotion about 11-13 years ago I think - not sure where PPS went up in .30 range for a bit.
But other than that- this has never really taken off. It’s been dying off, stretching back years ago, in the PR department - not many -without hardly anything positive movement in pps that’s sustained yet. Charts tell a story.
You just have to when you look at DBRM, understand the operating of the company and how they do things. It is not for everyone as an investor. They walk to a different drum.
Now - as on O & G- is there a little potential from an extremely small producer - yeah somewhat. I don’t think this will ever be a $10 stock or upgrades to any higher exchange at least anytime soon that is.
Might very well always be on OTC, and may never pan out either. I think there might be a little upside potential someday - in range of .10-.15 if they actually can execute. Maybe higher later - but I don’t see how they can get the pps up considerably to .30-.50 range, by a drill bit without some form of RS and positive news.
So I suspect common shareholders are bored and ran off out of here, I’m very wary of all of the potential of a future RS. I suspect, imo, that’s why this place is and has been a morgue for years. We’ll see. Has little upside, but maybe not much as one thinks or imagined can occur. We just don’t know.
Let’s say they get permits - ok they finally announce they drill, and it wakes up-a tiny short amount in pps and time, then dies off again with zero PR’s - well how will filings look as a going concern? They have debt and operate in perpetual neg in filings.
I just think this pps, I’m surprised it’s still around and trades at even .02 I’m very surprised it’s not sub Penny at times. Wait snd see on that LOL.
We’ll see - had potential many years ago - maybe still has a slight potential for something to actually come of this. Just drilling a few wells won’t imo create anything here long term green growth for Penny stock shareholders - without much sustained trading volume and lack of new shareholders interest- we will need more activity that we’ve seen in 12+ years to say ok, they finally did it.
There is potential upside, opportunity to grow geo regionally and actually grow in reserves - which could increase value to stay in this for a common shareholder. However/ they need to actually execute to do that and keep BUSY doing their part- for that to occur.
To be a common shareholder here- is and can be a very slow walk and I have compared it personally, at times is if i can imagine myself driving down a road seeing a very old man on side of street, with a walker, barely moving their feet. You drive back by 5 years later, guy still in same place.
But imho, this company might be better off in a friendlier O & G state besides the companies footprint to stay in just CA. Looking at current stock price - I think that spells it out for a shareholder/ things need to change.
maverick one
2 years ago
Going to take more time, permit wise is what you heard. Who knows, might receive them before EOY 23’ possibly - it is after all CA. Land of the libs and ban on gas car new sales down the road. Even though there isn’t enough electrical infrastructure in place to facilitate.
Starting to think after all these years- maybe this CA deal for daybreak hasn’t really ever panned out and might be better off in oil friendly states where culture is O & G and other plays in TX, OK, KS, ARK, LA...etc.