RE:RE:RE:RE:RE:Added a FEW Today ;>))Also, based on the CEO conference call on BNN he stated that BIR took the capex hit for all 11x drilled wells in the quarter but didn't get the benefit of the drilling revenue yet. Thus, the loss on funds flow in Q3.
So, Q4 will have all the revenue (funds flow) from the Q3 drilling but not the capex expense hit because they took the hit in Q3.
I see a stronger Q4 supported by higher average prices than Q3, as well none of the added capex expense hit from Q3 which will show up in the next quarter as a beat.
As such, I believe the numbers in Q3 looked more negative than they would if BIR would have been able to take the revenue from these 11x wells along with the capex hit in the same period.
That is my take and I think it was overblown so I took the positive and will ride this through with the NEW LNG launch into next year!
I'm not trying to pump up the stock its pointless we retail investers don't make a difference been doing this too long but I just wanted to provide my input.
Do your own DD.
Cooper!