RE:RE:What a Dividend...like it or not , ERIC "the entertainer" has been stead fast on terrible SHORT TERM nat gas fundamentals for , like the last year. He's only one opinion but his views have largely been CORRECT...He flat out said if their was a warmer weather winter plus if the Freeport saga dragged on, NA would be AWASH in NA gas which is what actually happened.
That saying, he also says he's a huge NG fan 2nd half 2024 as LNG canada could start shipping plus meaningful LNG supply to new US LNG export facilities kick in.
As for BIRCH-rather strong bravado from the CEO on the ability to sustain this 80 cent annual div. He was saying this when gas was more than double the price and BIR 's modelling never talked sub $2 gas. No hedges per say, but BIR is getting killed on their marketing initiatives and CAPEX will have to be cut soon..Question is how much and for how long??? Last part, he's a trader so he's going where he can make money RIGHT NOW.. All in all, pretty good rational for him and his fund.. dwdc