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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 Mar 21, 2018 11:14am
179 Views
Post# 27753347

RE:RE:Next resistance is 3.86 than clear skies to 4.50

RE:RE:Next resistance is 3.86 than clear skies to 4.50Good morning, throwing my 2 cents in here. On multiple charts on different time frames I see the following and will concur somewhat with you here Trumpy.

Agreed on a 6 month chart downtrend resistance at 3.93ish, but a little over heated reaching 3.81 this morning after hitting the 3.60 high to the penny I suggested last week on Monday and the 21/2% over it sits as I type this. On the 6 month chart  new short term support appears around 3.35ish but if there is a short NG shoulder season at all and spot tests 2.33 to 2.40 then Birchcliff can still test the downtrend support established on this chart at 3.05ish late April early May.. 

On a 3 year chart long term resistance points I see on the current uptrend past the 3.93ish downtrend resistance again at 4.15ish, then uptrend resistence at 4.65ish and major resistance at 5.05ish all into later April to mid May. We'll see what plans they have for NG's train leaving the station, could be real pretty overall come July spot if the stars stay aligned, lol, cheers. 
Bullboard Posts