RE:The worst investment in O&G patch?Not a bad 2c's... but i don't agree. I think BIR is a Div. play and an unhedged play at the same time. So if you think divy is stable AND you think NG drfits up.... then you are buying both. Since BIR has dropped 10% over the last week, and seasonal strenght for the group is heading our way, then likely the weakness is short-term. I have been a buyer under 8.
BTW - I think your consilidation point is excellent. I do think that BIR will disappear over the next 12 months. BUT at a 20%-30% premiunm from here ($10) with better market timing on their side. However, I could be wrong. Market is made by many hands and shareholders. Long BIR TD12