Pleasing to read continued growth and development in the Annual Report going strength to strength. Also pleasing was the Increased appetite for the stock prior to the annual report and Easter break on the back of an ****** show piece.
Maybe those with the increased appetite for BRK stock are appreciting strengthening oil prices, price strength in line with BRK management expectations for strong pricing Q3 Q4 2024 and around the same timing of the 4 wells coming into production. WorldOil.com has given a good wrap on the sentiment of the last few weeks and what may be expected
https://worldoil.com/news/2024/3/31/u-s-oil-exports-set-five-new-monthly-records-following-record-oil-production-russian-sanctions/
Natgas pricing is still subdued with global oversupply and no doubt would prefer prices at least leading with a 2....The good news is that Natgas producers are responding and tapering production until stronger pricing.
https://worldoil.com/news/2024/3/28/chesapeake-energy-to-put-80-new-natural-gas-well-into-suspended-animation-until-prices-rebound/
Looking forward to the next 6 months and beyond. Hope all had a good Easter break.
Keep well cheers Paul
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