My two bits worth.
From my ideal scenario ?
Monetization was supposed to be a Asset sale =>3-5c cash backing.
BEFORE - They had to monetize all this before hand to sit on a cash warchest, to take advantage a future low price oil market with trump 2024 so that they could re acquire distressed assets. Not be the distressed producer.
Now, that path to develop oil wells.
Problem, drill those wells will consume the remaining cash.
Then, when Trump gets back in, he is going to open up supply, and Drill drill drill
=> low oil price ??
=> future cash flows ?
So what is the BET ? Where is the upside ?
Betting on future cash flows ? in a RISK of low Price of Oil.
Betting on Trump most likely to bring USA back from Ruin. = BAD for BRK.
And then you have to play the timeline to see where BRKs cash balance is, can it develop these 4 wells into cash cows before to refill its coffers in time ?
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