You’d be seeing the equivalent RFE price. Back prior to 2015 BRK was known as Red Fork Energy and, like a lot of shale drillers at the time, used a lot of debt to drive growth in their business. When the Saudis increased their output to crash the price of oil and take down US production in ‘14, the tide went out and Red Fork (along with a lot of others) were found to be swimming naked. They were restructured into BRK, thus the high number of shares on issue.
https://www.energynewsbulletin.net/australia/news/1097179/red-fork-rescue-planned
That is the reason BRK set up the joint venture with SHE and have used cap raises to fund operations instead of using debt. I’m guessing DP wants the company to have 0% chance of going under this time.
You’d be seeing the equivalent RFE price. Back prior to 2015 BRK...
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| Open | High | Low | Value | Volume |
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