Birchcliff Energy Ltd T.BIR

Is BIR the SVB Bank of Natural Gas Companies....?

[AlwaysLong683]

Taking high risks that make you and your shareholders a bundle when times are good, only to find yourself in trouble when the tide turns. BIR is the most exposed Canadian natural gas company I know of to the ups and downs of volatile natural gas prices. CNQ, TOU, and others can make money at these and lower natural gas prices, even with the unhedged portion of their production, so they have no incentive to cut output.

[robert41]

Lol they are still making money just not enough to buy back shares and pay down debt check the numbers they are on the presentation 

[Billybabin61]

Check out the share price action on both companies you mention. Have they gone up? If this is your take,  you should not be in this sector. because it is resources and it is volatile.

[PlutusofCrete]

BIR is SVB????????????? LoL this is the best thing I've read all day. I guess tomorrow we'll be bankrupt. 

[Burgersandfries]

Yah that's pretty funny....seriously I see why investors are choked there will be some short term under performance solely based on current poor Mgmt decisions not past decisions you can't sugar coat it...I'm sure if Jeff could have a do over he would. BNN loves having him on so he can saying hedging is the road paved to hell but so far it's crickets from Jeff's...Let's

[AlwaysLong683]

Get ready kids, because if natural gas prices remain low due to a warmer spring / cooler summer / supply glut / recession, etc., BIR will likely suffer the most. Is BIR managment wiser than that of CNQ or TOU...? I'd say.....no. Is it smart to hedge none of your production when natural gas is trading between $6 and $8 for eight months between April to Novmeber 2022...? Again, I'd say....