RE:Oil Capitulates On Global Recession FearsI think NG demand will still hold up even if oil drops off somewhat. Winter is just around the corner and storage levels everywhare are well below 5 year averages.
For sure there is a downward response to energy because of recession fears lockdowns in China and so on but BIR is a NG producer and right now being almost Debt free in a rising rate enviornment is huge.
The more i look at their situation the more i feel they are on the right track.