RE:selling at 16$nymexwhat happened in Texas seems much worse than many think and I do not believe the market has taken that into account yet . Gretchen from Michigan is screaming to get propane after the loss of Texas supply
Just energy announced a 326 million$ loss (and counting) due to Texas situation. Chevron said they were essentially all but shutdown. Producers in Texas are receiving horrendous electricity bills . The list goes on and on. BIR will profit handsomely over the upcoming months and probably much longer as it will be a long time before supplies can be replenished without greatly augmented drilling that no one has the money for !!