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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
Comment by GuidoSan1on Jan 17, 2018 10:47am
229 Views
Post# 27376236

RE:Analyst Comment

RE:Analyst CommentI have been a member on stockhouse since 2008 or so and have traded both sides of oil and gas etf's for a number of years. I have known and traded this company for around 6 years now and have technically traded it off and on doing reasonably well over all. I am not following this board religiously as I am wintering away from the cold this year but have not noticed any post commenting on talking withe the company's PR department which I have done in the past especially 3 years ago on the last tank sub $3 to a rise to $10.80. This company does very little hedging historically positioning itself to spot and given where spot has risen to so far this winter IMHO will br just fine and will surprise on first qtr earnings report. My long term chart suggested the 3.40's could be the bottom and the 3.20ish area if it gets really ugly before rising. I think we are 3 to 5 weeks late on the change of cycle this time around but am still looking to the 7.80 area sometime this summer. I entered somewhat early and have since added on 10% drops twice including today and will add once more if necessary to be positioned wl below the $4 mark looking for the double into summer. We'll see but this management are no dummies when it comes to capitalizing on spot as opportunity presents itself as it has since Christmas. All in my opinion good luck to those with patience, cheers
Bullboard Posts