from an 8 was a 9 just a month or two ago. 10 is perfect. Remarks connected to this rating are: The ratio of BR's price to earnings multiple to its five year growth rate is above average of all stocks in the stockscouter program. This is considered negative. Grades four distinct areas Fundamentals C, Ownership C, Valuation D, Technicals C. This seems so contrary to what were hearing from the analysts. My other concern is that the Price targets of $55 to $67 put out by these guys really must be a 12 month outlook. We are getting into the shoulder months between severe cold and warming temperatures that for a little while will cool prices off. Could there still be a chance to get into BR at a better price than today.. Should we have some pullback here? Before we really take off.
< We are getting into the shoulder months between severe cold and warming temperatures that for a little while will cool prices off. >
True, but I think the floor will be in the $5 range for the rest of the year, since we have gone from a 7+ year high amount of gas in working storage last October to dipping below the 7+ year low in week 11. Big drop in a few months, and production capacity right now won't catch up to the average without a whole lot more drilling than we have seen in the last year or so.
More demand every year, and wellhead supply isn't increasing much, which means solid prices. $55 should be easy, absent any significant screw-ups by management.