RE:RE RE: Outstanding results Ramman1, not only do I love the way you dig out the nitty gritty info from Birchcliff’s Q, but I equally appreciate your knack for assessing its relevance. The company’s finest efforts in the last quarter were executed in a most abysmal period, (market wise) for Canadian energy. To be holding BIR throughout December was pure hell! I can report that from personal experience. Productive initiatives taken by the company, such as that 39 million land purchase, were completely ignored due to market conditions. But this has been the case for at least 3 years. Great management, executing superbly but in a bear market. Each quarterly report an opportunity for shorts to let it run for a bit before establishing even larger positions.
This report however may “turn the tide”, coming as it does off Birchcliff’s “all-time low” in December. It could very well be enough to start the momentum in the other direction, -and give us a good run to boot and partly, I suppose on the merits of Birchcliff outperforming its peers.
Hand it to Birchcliff management for their patience and focus when the market din suggested otherwise. Never ones to hide under a rock in crisis, but always business as usual! Tonken and board saw the opportunity in that 39 million land purchase and made their move and it will look fabulous in the rear-view mirror! But believe me, it takes real foresight to get to that perspective.