2) Inventory preservation more likely on oil below US $ 65 or less.
Both scenarios have gas at US $ 2.5 per mcf.
BRK always on the lookout for accretive production opportunities, which tend to increase as the POO falls where geared producers sell reserves to repay reserve based lending facilities. So in case 2, BRK are more likely to maintain/ increase production ( and potentially associated inventory) via asset acquisition… it is unlikely they will just sit on their hands in scenario 2.
Cheers
Dan
BRK Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held
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