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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

Post by GuidoSan1on Jun 16, 2022 3:32pm
472 Views
Post# 34762405

The Schill is still at Work

The Schill is still at WorkWow, have to step up here from the schill's recent posting and this real one is also free lol.

I posted some long term tech 3-5 years under OH OH a couple days ago where the TSX could go, based on those retracement support lines here's where BIR could land, cause the market overall will say so.
Here they are again - 18780, 17720, 16010 and heaven forbid 14600 as a bottom line in the sand.

BIR already over $2.50 down off it's high as of today sees it fall through first support which was around 10.75 which brings 9.50 into play now.

Here's where it gets interesting, if 9.50 area tested that will bring next line of support at 7.95 into play, if the market continues to erode to the levels I posted as possibilities and if the market goes completely to chit then a full retrace from the bottom run could see a BIR land around the 6.25 area.

Same for many others including SDE etc. no stock really escapes no matter what the sector in a bear market, fact.

If you didn't bank some profit near the highs well it could be a possible longer rode to recovery to the recent high no matter what the NG/Oil commodities strength is. Why? well it's the market talking not me, but I will surely back the truck up again for the ride if the 50% haircut comes to fuition.

Hope I'm wrong for what I still hold (BIR none again aside) but I'm already prepared for a fresh position, afterall making money is the plan...................Cheers. 
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