RE:RE:RE:RE:RE:RE:Eric NuttallYeah and that's why you don't hedge it all.
My understanding is you hedge enough to cover costs and expenses and leave the rest of production with exposure to market torque in case of rising prices.
I find it hard to believe you came here to tout BIR's management strategy over ARX's.
I mean maybe in the future BIR outpaces ARX when NG goes up but maybe not.
The future is hard to predict but the past is easy to see.
It's easy to see that ARX has outperformed BIR in almost every way.
Sure BIR's yield is higher but it really only matters if you bought in recently as it was cut in half and is not supported by its cratering share price. What is the payout ratio now?
Yeah BIR might surprise to the upside with a spike in NG pricing but it's specualtive.
ARX has a far better guaranteed upside. Even analyst's price targets better support ARX.
GLTA ARX BULLS
ztransforms173 wrote:
Quintessential1 - (9/17/2024 12:48:54 PM)
RE:RE:RE:RE:Eric Nuttall
Tough sledding if you're selling unhedged into AECO.
If you have any hedges and sell into US markets and maybe some LNG contracts maybe you skate.
It will be interesting to see how this all keeps shaking out after rate cuts.
GLTA ARX BULLS
***
- NOT ON THE UPSIDE, my friend
- which I WHY I have BIR {FULLY UNHEDGED} but NOT ARX
z173
Quintessential1 - (9/17/2024 12:48:54 PM)
RE:RE:RE:RE:Eric Nuttall
Tough sledding if you're selling unhedged into AECO.
If you have any hedges and sell into US markets and maybe some LNG contracts maybe you skate.
It will be interesting to see how this all keeps shaking out after rate cuts.
GLTA ARX BULLS