Post by
shenty46 on Nov 25, 2021 2:59pm
It will
It will be intersting to see this winter, if we have severe winter weather as predicted, Birchcliff being unhedged may easily double fom here by the end of winters, as the huge draw down if it happens from already multiyear low inventory of natural gas may cause tremendous upside for future years strip.
Comment by
llerrad5 on Nov 25, 2021 3:08pm
Those invested in Nat Gas will be hoping for a cold winter. ALMOST everything I read leans that way. I don't like it when so many are predicting a cold winter, it's well know known now. So often with that set up we get contrarian surprises. It seems amost too perfect.
Comment by
Burgersandfries on Nov 25, 2021 3:23pm
Real cold or not the tight supply should keep prices up we don't need the crazy spikes we need nat gas to hover high 4's low 5's going forward. Our Birch will be debt free with 600 mil in FCF of which a hefty percentage will be directed to shareholders. The big question is how much will BIR give to shareholders and when?