RE:A few pointsAgreed Market, at the very least the yearend financials should be seen on any and all Gas/Oil companies after what has been a stellar 2022 commodity year overall before considering a course or direction. The only problem with that as you know is the herd mentality when every one decides it's time to sell, well good luck with that lol.
Anything less may prove to be imprudent I simply see and suggested evaluating defined undervalued companies against current holdfings and transitioning if necessary.
BIR was a double + for me from the 2.25 area with a peak of 92 shares and substantial pain for over 2 and a half years of averaging down starting at 3;.80 lol, sold all between 6.00 and 7.25 over a period of time to transition to another stock with ridiculous undervalue at 3.80. Well that stock as some know is over $15 today and been to $16 twice with a date of record today special .50 divy. Still slightly undervalued fully diluted somewhere between 17.50 and 19.00 after market analysis discounts. at $21 to $23 analyist's average.
Similar BOE to BIR next year at 80k + but weight oil versus gas 60/40. Using your assumptions I should wait to see if this stock can achieve $26 to $30 a share both worlds being perfect lol, SDE is in a better reserve position liquids v gas, better overall additional land holdings and have a tax pool to play with of over 2 billion substantially higher than BIR's I believe.
Except I know better, lol, with companies now almost debt free for a period of time to be determined I'll buy and sell according to to the seasonal commodity swings and possible anomolies, thanks for your input though it is appreciated and considered. The story is long out now for most and we all know the buy on story and sell on............
Cheers!