RE:RE:RE:BIR was a Top Pick on BNN Market Call today Greetings Crete
Well it depends if you think there will be a shoulder season for NG shortly. I/we are a subscriber to the theory of a small window possibly a 20% retracement to the 4.50 area, 4.00 to 4.25 if they look to push a double from there on a hot summer, good betting odds here sometime second half June on.
So since my BIR rebuy of 15% of what I once owned has ripened nicely from 6.60 area, yes I will sell and look again to a rebuy if opportunity presents itself.
Spartan, holding core tight and added again at $8 and $9 areas for swing trade monies, 18 months or less is not that long to wait on a hefty position expecting the $17+ area $25+ if it matches it's similar peers. (Igor selling a sizable part of his position was a very positive note in the market view of SDE, now if he's is forced to sell the rest, lol).
On production fundamentals thru 3rd quarter 2021.
BIR = 78% NG - 22% OIL
SDE = 41% NG - 59% OIL
Cheers,