RE:RE:Brrrrrrrr - chcliff Try thinking of it like a rent paying off a mortgage...
Fixed rent on a home can take 30 + years to pay off the 80% debt (considered a good investment) - Right now, and at much lower gas prices, BIR pays off all debt in 1 year. With NG price spikes, that timeline is shortened significantly (the variable is the price of gas - and BIR is set to take full advantage of any price over there conservative guidance - 100% of profits above guidance is 100% BIR's).
I don't think the market has any comprehension of this opportunity. No investment opportunity like this exists.
2021 year end might be the wake-up call, or maybe 2022 Q1 - who knows when, but it will happen and we are a double or more as debt is payed off and future guidance blows the investment community away.
GLTA