Hi Gsinc,I'll challenge you, what would you have preferred BRK...

Hi Gsinc,

I'll challenge you, what would you have preferred BRK management to do in this situation?
Easy to say someone shouldn't have done something, not so easy to say they should have done something else (and why)

In my opinion, there is a cost associated with the 3 clear options (and not taking on debt or raising capital carries an opportunity cost which I think could potentially be large, should BRK miss this period of inflated oil prices)

I dare say they would have weighed up;
- Cost of raising capital
- Cost of taking on debt
- Opportunity cost of waiting to drill Flames

Before making an informed decision

As I stated, in my opinion, this is the option that drives best value for share holders as it carries the least cost.
Happy to discuss further and would love to hear alternate opinions.

Thanks,
- Leezy