RE:RE:RE:Under 8 Realdude wrote: Yeah you are right Fred. Can't compare bir with wcp because bir management is proactive and making the right changes for the unforeseeable future while wcp is sitting there idling
Yes they are a bunch of geniuses at BIR for sure. They payed a huge dividend by racking up $100s of millions in debt and did not hedge any gas when prices were high.
And now they are forced to cut the dividend in half and are still losing money.
WCP bought some big assets and payed down debt before raising the dividend and now they have debt under control and can pay this dividend even if oil prices drop from here.
Completely different companies and much better management here.