RE:RE:RE:BIR Current Fair Share Valuetks for your analysis Guido, it's important to have some critical discussion to get more insight. I have a few questions on some of your points:
You said: By the way while I am at it, so tired hearing repeatedly about this unhedged B-S. NG is sold according to what the market is willing to pay BIR included. Think of it this way if you had a commodities based business. How could you ever run your business efficiently if the goods you are selling are $2 today, $4 3 days later, $2.50 a week later, $1.75 a week after that, etc.
Guido do you agree or disagree that BIR's strategy of being unhedged has benefited shareholders ?
You Said: I further offered back in the summer our financial evaluation on redeeming the preferred shares was going to cost BIR a pretty penny somewhere between 7 and 10% (170 to 240 million) of cash value of the company, well they were redeemed end of September i believe it was and is likely being reflected in this quarters current share price.
Beside the fact that the redemption was about 88 mil as previously pointed out, were these preferred shares scheduled for a reset of their rate in September 2022 which was higher meaning a higher payout rate?
You said: Add to that a declared divy for 2023 if .80 per share, which the market makers will surely reflect in adjusted asking price of the share value of the company. Remember this is your money they are giving you back (that you earned taking their B-S lol) and reduces the value of the company's share price in most simple terms.
Guido are you in favor of specal dividends because as you know some O&G companies have done them or plan to do them like TOU and SDE?
We will know much more on January 18th at which time I imagine they will confirm their .80 and possible another special dividend.
Look forward to your answers,
cheers