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Daybreak Oil And Gas Inc
Daybreak Oil and Gas, Inc. is a publicly traded company listed on the US stock exchange. It is an independent energy company engaged in the exploration, production, and acquisition of oil and natural gas properties in the United States.
Here are some key points to know about Daybreak Oil and Gas, Inc.:
1. Stock symbol: DBRM
2. Traded on: OTC Markets Group, Inc. (OTCQB) under the ticker symbol "DBRM"
3. Company overview: Daybreak Oil and Gas, Inc. is a small-cap company with a market capitalization of around $12 million (as of March 2023). It operations are primarily focused in the Permian Basin of West Texas and Southeastern New Mexico.
4. Operations: The company owns interests in over 100 producing oil and natural gas wells, as well as acreage in various stages of development. Their primary operations involve exploration, drilling, and production, targeting various formations such as the Wolfcamp, Spraberry, and Bone Spring plays.
5. Production: According to the company's 2022 annual report, Daybreak Oil and Gas, Inc. reported total production of approximately 31,416 barrels of oil equivalent (BOE) per day. This includes 21,949 barrels of oil per day and 21,673 thousand cubic feet of natural gas per day.
6. Financials: As a small-cap company, Daybreak's financials are not as extensive as those of larger oil and gas companies. However, their 2022 annual report indicates total revenues of approximately $18.9 million and a net loss of around $8.5 million.
7. Management: The leadership team of Daybreak Oil and Gas, Inc. consists of experienced professionals with backgrounds in finance, law, and engineering. These individuals have expertise in the oil and gas industry, capital markets, and Mergers and Acquisitions.
8. Growth strategy: The company's growth strategy focuses on leveraging its expertise to identify and capitalize on accretive acquisition opportunities. They aim to increase their resource base, diversify their production mix, and strengthen their financial position.
9. Environmental, Social, and Governance (ESG) practices: Daybreak Oil and Gas, Inc. has not publicly disclosed detailed information about their ESG practices. However, they acknowledge the importance of environmental responsibility and commit to adhering to industry standards and regulations.
10. Investor relations: Daybreak Oil and Gas, Inc. provides investor-related information, including SEC filings (10-K and 10-Q reports), investor presentations, and a corporate overview. They also participate in investor conferences and offer a contact form for investor inquiries.
It is essential to conduct thorough research and analyze the company's financial statements, industry trends, and market sentiments before making investment decisions regarding Daybreak Oil and Gas, Inc. or any other publicly traded company. Consult with financial advisors and brokers to get personalized recommendations.