Birchcliff Energy Ltd T.BIR

I am betting that the game is over in two weeks

[7Twiggy]

Starting late July and into early August we will starting seeing a fleury of Quarter 2 earnings reports. Cardinal July 28, Pinecliff Aug 2, Birchcliff Aug 10. Peyto Aug11, just to name a few.

Does not take a rocket scientist to forecast the results will be exceptionally good for most companies.  Most companies are doing extremely well , paying down debt, buying back shares etc, 

yet here we are falling prices.  Looks like money managers fiddling playing the scare game whenever oil prices slide a bit.  In two weeks I am betting that game is over. 

[Scotchlight1001]

The whole market is off due to a bump in interest rates. The next 2 weeks could be an opportunity to add more. I would like to see an update on Birchcliff's debt repayment schedule prior to committing more funds.

[TouchDown12]

This info is NOT from BIR; but it is a projection of possible Debt levels as of June 30 based on Q2 NG/NGL and Oil performance. I got it on tweeter and i think it was a report of all E&P by CIBC. The projected debt at June 30 was 259M remaing debt - or about a 140M drop from March 31 (400M). It also projected Debt at September 30 and Dec. 31 (based on current strip) at 130M and 20+ (surplus

[TouchDown12]

BIR Fought the good fight today - and after falling to 7.95.... finsihed the day green. kinda confirms my recent adds.... GLTA TD12

[andy604]

I agree with TD , i bought 500 shares today 200@$7.97 and 300 @ $8:04

[Tothemoon2]

They paid off $90 million in 1Q when commodity prices were much lower.  I hope they payed off way more considering they are also buying back stock. I'm hoping they will be under $180 debt left.  Still need the preferred redeemed in Q3.