Birchcliff Energy Ltd T.BIR

The price of NG das ushered in the next shortage

[goldenrivit]

When WTI went $-40 in 2020 the event of the oil glut of world lock dows crushed the oil price.That stopped invesment in cap-x to hit a record 6 decade low.But on the other side of the glut looking through valley was a clear picture of the current short supply crisis.But at the time of the shock of the price collapse not many could see a recovery as a result of the collapse of cap-x that ushered in the current supply crisis.China has opened up fully now and is causing oil to keep trading higher each week post the open.

Today the current NG glut will usher in a shortage as NG producers will cut cap-x just like Jeff said it would.But looking through the valley a gas shortage in late 23 into 24 is given.With investing in BIR now has never been a better time in the companies history.The company has plans to weather the gut and support its div policy even if it means a cap-x cut.Every NG producer will do the same making the gas supply crisis worse.So I look throught that valley and I see a shortage in less that 6 months.I will collect the div and set my target of $16 to $20 in the gas crisis on the way and predict BIR will have record earnings in the next 12 months.With no debt they can pay special divs off this current 9% base:China is going to need massive amounts of LNG for as long as the eye can see

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[barneyj44]

Agree these Companies won't give there NG away. Chesapeake Energy last week was talking about cutting back supply to get the price up.

[barneyj44]

Agree these Companies won@t give there NG away. Chesapeake Energy last week was talking about cutting back supply to get the price up.

[iwpete]

Why would anybody spend hundreds of millions of $s on capx to produce natgas paying you $2.80mmbtu, when you can buy the companies that are already producing a lot cheaper on the stock exchange.