Hi Dan,I've thought for a while re timing of the CR in August,...

Hi Dan,

I've thought for a while re timing of the CR in August, it anticipated the success of the Jewell well, but was done before the Jewell results were known, taking advantage of the higher SP at the time. I've considered that BRK raising capital at that exact time (pre Jewell results) may have been a way to insure another shot at a good result (Rangers) just in case the Jewell well turned out to be a fizzer. It would have made it more difficult for BRK to raise more capital for Rangers at a later date if the Jewell only demonstrated underwhelming results IMO, as they would have been in a weaker position. So they raised capital right at the moment they did, to ensure they weren't stranded without capital if the Jewell failed.

That's my thoughts, but I'm not enjoying the ride much either.

Thanks Dan and all posters for your input on HC.