Updated research to account for 2024 reserves upgrade, commodity price changes and 3 10,000 ft lateral wells in 2025.
At current share prices. BRK is still trading at ~87% discount to MST ( NPV 10) valuation.
Admittedly, oil gas prices are below the average full year projections, but prices move up/down so the average can still be achieved . In that context IMO there is nothing in the projected balance sheet which shows the company can't afford a small $2-3 million buy back ( unless they spring in a surprise production acquisition or material new acreage build in addition to drilling the projected 3 wells in 2025.)
Happy Easter
Cheers
Dan
BRK Price at posting:
38.5¢ Sentiment: Buy Disclosure: Held
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