RE:RE:Your 2smartfor'' me''First comparing BIR to SGY is like comparing Apples and Oranges. That said rammin is referring to “Forward Guidance” which is always based on Assumptions/Estimates of “Forward” commodity prices, exchange rates, production etc. that may or not be realised.
Surge’s 2016 “Guidance” was based on WTI prices that were not realised and the result is that the 2016 POR is above 100% and the debt is increasing.
Surge’s 2017 preliminary Guidance is based on a $50 WTI Assumption/Estimate among other things that may or not be realised. The same applies to BIR. It is the nature of the business.
Accurately predicting the near/mid-term WTI price is difficult to say the least. Added to the “usual suspects” that influence the Global Oil market we now have the “Trump” effect whatever that will be….
As Always; Do Your Own Due Diligence; It’s Your Money !!