RE:The worst investment in O&G patch?All valid points if you are looking in the rearview mirror. Should they have hedged at much higher gas prices? Not only yes, but hell yes. Should they have moderated the divvy increases? Again, yes.
But these factors are already built into the current depressed share price. Winter is in front of us, and the odds of another warm winter in the northern hemisphere are much lower. This is what makes markets, but from my perch Birchcliff offers significant upside with limited downside, which are the value trades I look for.