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Birchcliff Energy Ltd T.BIR

Alternate Symbol(s):  BIREF

Birchcliff Energy Ltd. is a Canada-based intermediate oil and natural gas company. The Company is engaged in the exploration for and the development, production and acquisition of oil and gas reserves in Western Canada. The Company’s operations are focused on the Montney/Doig Resource Play in Alberta. Its operations are concentrated in the Peace River Arch area of Alberta. The Company has a 100% working 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. Its Pouce Coupe Gas Plant, which is licensed to process up to 340 million cubic feet per day (MMcf/d) of natural gas, is located in the heart of the Corporation's Montney/Doig Resource Play.


TSX:BIR - Post by User

Bullboard Posts
Post by fergus2on Sep 25, 2014 7:27pm
144 Views
Post# 22971733

Another take on BIR

Another take on BIRToday I sat down to watch Francis Horedelski’s morning program.  I’m not sitting there three minutes before she’s talking about how beat up Cdn equities are right now. Then she flashes a list of solid Cdn companies that represent good value. Right in the middle of that group sits Birchcliff.
 
I think a lot of Canadians hold that stock because Schulich is behind the company to the tune of 25% and he brings a fair amount of reputation to the table. Even with his presence it hasn’t been an easy ride for the long term investor but they do have one consolation, - that Schulich and management won’t bail before them. As naïve as that sounds, that’s how I see it!
 
But this stock has had one helluva run from the $6.85 or so of last summer to almost $15.00 this year with plenty of exit points along the way. But surely $15.00 is too expensive for a buyer’s starting point in a bidding process. As far fetched as this may seem, maybe there’s some maneuvering taking place to get BIR into a position to attract a buyer for a takeout at some hypothetical $17.00 figure. After all, a buyer needs incentive. Maybe this prior run-up to $15.00 got in the way of the selling process. It’s possible..... After all, “there are more things in Heaven and Earth, Horatio,than are dreamt of in your philosophy.'  But surely $10.34  is way too cheap.
 
But the TSX got taken to the woodshed today as well, so maybe BIR was simply tarred with the same brush. I would like to get through tomorrow and use the weekend to get some further context.  
 
Bullboard Posts