RE:RE:The worst investment in O&G patch?"Bir done much better than the hedged producers in 2022 , Jeff made the right call not to hedge"
Of course we're NOT talking about 2022 but 2023 & 2024. My post indicates that quite clearly.
"yes they should have hedged in 2023 and waited to be debt free to interduce the dividend"
A resounding YES.....at least modestly some hedging at insane levels beyond $6+ NG would have been a smart & prudent move...........and most definitely would have saved the company from it's current problems........But more problematic is their idiotic reluctance NOT to slash the divvy and divvy they CANNOT afford.
"Big money to be made the next couple quarters and they can drop or cut dividend."
I seriously doubt there's ANY big money to made here if NG prices remain below $3 AND Birch is still paying out that crazy divvy. The last part of your statement is a no brainer & should have been done long ago!
GLTA