RE:Website UpdateHello Crete, trust you are well and enjoying the summer, amazes me still you are still promoting the merits of BIR when sadly anyone who did not take profit like you over the years and sell into the rise of BIR to 12.92 or for that matter 12.65 or for that matter the last recent anomolly average monthly high of 11.59 (2022) really needs to have their head examined lol, so I guess you are just a promoter for BIR loud and clear.
Here are some dots to connect regarding the NG market from a technical standpoint on what can be possibly be expected for NG over the winter season.
Over the last 17 years NG's 200 moving average has fluttered between 3.70 and 5 bucks. When taking into consideration current fundy's, storage, weather production, etc. it does not bode well for NG stocks in general and short term anomolly aside with an extreme winter for any NG stocks especially the likes of BIR given their long term perchant for dumb moves and greedy decisions on the backs of shareholders in general and again stating for the record BIR on a large position was very good to me only realized by selling into the rise and tops in 2022 based on technicals.
Technicals suggest NG likely could bottom somewhere in the 2.30's from current prices into the later part of the shoulder season since futures are already trading the front end of October, if it fails support of 2.60 which has been tested now at 2.64.
Where does that possibly leave BIR? Well likely decline to the 7.50 area IMO not a bad area for taking a position if not having one already if catching a few divy's from somewhere is a person's goal.
Back on NG technicals if the 2.30's is a correct entry chances should be 100% to see an average rise to the 4 buck area and a 25% chance to see an anomolly to the the 6 dollar area for a short term if storage declines at least to the 5 year average numbers during a hard winter only and the jury is out for now on that one.
The energy sector has fallen quite quickly out of favor now (fact) and one has to realize that the to high points of 2022 (May $8 and August $10) arer a pipe dream at best. That concides to BIR's highs of between $11 and almost $13 dollars, hence for BIR holders if one was not selling into the lofty share price please see again having one's head examined, lol.
Simply put there are many much better company's in the O&G sector for opportunities to invest in for a 50% plus ROI than BIR (25% at best IMO) anytime soon or possibly ever IMO, even the new Spartan spinoff Logan presents a better opportunity at .80-.90 or less, for variety of reasons far better than old and tired BIR, so sorry to say.
Hell even money market funds are paying almost 5% right now as good as most divy's out there for those with little patience or reservation's to risk.
Still good luck to all here anyway your patience if true is exemplary if fact, a real model of faithfulness to an extreme of getting one's head examined, cheers.