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Birchcliff Energy Ltd T.BIR

Alternate Symbol(s):  BIREF

Birchcliff Energy Ltd. is a Canada-based intermediate oil and gas company. The Company is engaged in exploring for, developing, and producing natural gas, light oil, condensate, and other natural gas Liquids (NGLs). The Company's operations concentrated within its core area, the Peace River Arch, which is centered northwest of Grande Prairie, Alberta, adjacent to the Alberta/British Columbia. It is focused on natural gas and light oil drilling areas in North America. The Company is focused on the Montney/Doig Resource Play within the Peace River Arch. It has 100% interest in its Pouce Coupe Gas Plant and two oil batteries, as well as various working interests in numerous other gas plants, oil batteries, compressors, facilities, and infrastructure. Pouce Coupe Gas Plant is in the heart of the Montney/Doig Resource Play. The Gordondale property is located northwest of Grande Prairie, Alberta and consists of the properties in Gordondale.


TSX:BIR - Post by User

Comment by TouchDown12on Jan 21, 2022 12:01pm
98 Views
Post# 34342899

RE:RE:RE:RE:Victim of success

RE:RE:RE:RE:Victim of successGood commentary Robert41.... it is hard to buyback mentally.... but i sold a bunch of BIR after the CDN election in Sept. (i over-reacted) at 6.30... and i am buying back those shares at 5.70 or so.... and BIR is a materially better co. than it was 4 months ago.... and the NG strip currently is pricing Feb./March NG at the same price as JULY NG (what??); and we just dipped below the EIA 5-year average storage level (for the first time since Dec. 14) with 2-3 weeks of cold US weather ... and 3 weeks in a row for -200/week draws which could take storage down below 2000 in the US by Feb. 12; SO the risk/reward doesn't get this compelling very often.... just using a little mid-term thinking. Likely sell these shaeres for 9 (plus div. till then) next Nov. for a 60%+ return. Just saying. TD12
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