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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 AboveBoardon Jan 18, 2023 8:49pm
186 Views
Post# 35232097

RE:Let's see

RE:Let's see
iwpete wrote: EIA figures avg price of $4.80US for 2023 and same for 2024
BRFN just signed agreement with BC Gov ..Petronas plays nice it's all good
and winter is far from over... I would think
and BIR going to pay 20 cents a qtr, be out of debt, and have cash on the balance sheet by end of year
yep it's a sell... not

Disagree.  Nothing wrong with a sell(s)  Example...$8.20 to 9.00.  80 cent spread for relatively quick play.  12000 shares...$1200 for every dime...$9600 less $9.99 x 2.  Rebuy again.  If rebuy too soon, then average down.  Imagine averaging down 7 times.  Then selling on 1 large uptick?  Uptick sell on morning push too?  Multiple strategies so money not dead?  Not for everyone.   Would the last 8 months been okay with an average 4 trades per month?   Just yapping of course.  
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