Birchcliff Energy Ltd BIREF

Reality is seeing a NEW year low and looks like

[Potadvisor1]

this could be heading to the 3 year low in the 2 dollar range. By what I see happening to the share price, investors are and have spoken. Tons on NG available, weather was warmer above average unti early Jan 24, and looks like the two week cold spell is over and warmer weather comming next week.
The new CEO siad they did NOT hedge last year and I can't believe companies like this and CR did not hedge at least 60% when NG hit 9 dollars. Now that is when I say a grade 2 surtdent could have ran these companies better than they did. LOL Unfreakenbelievable.

[okgonow]

i hope your not inferring that there are companys that are hedged at the $9 price and somehowe BIR missed out ....LOL... because if you are your like the guy that cant do proper math and should probably leave investing or at least asessing how a company does to someone else.....you are way offf !

[Canoutchie]

So a stock already down more than 50% from peak levels just over a year ago, and you're trying to say that folks haven't accounted for all of this?  That the market hasn't had the wherewithall to factor this into the current stock price already?  Or are you just assuming the existing assets are worth nothing? Just trying to figure out your rationale for a $2 handle.

[Citizen13]

Louie Anderson made a joke once that " apples were $ 3 a pound, tomatoes $ 4 a pound, bananas are free.   Nat gas is free again . Thank your friendly fracking neighbours who are always pleased as punch to destroy the oil and gas sector.  Wonderful businessmen, all of them.  Remember all the BS we've heard the last few years "  fiscal and production  restraint

[liljohnnyjoke]

Biden wants to ban LNG exports which will mean all of the natgas found during shale oil drilling will be headed to the salt cavern storage areas (if any space left?) adding to already ginormous natgas storage reserves, enough to get through a few winters with months of polar vortex.