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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 fergus2on Feb 14, 2019 1:22pm
200 Views
Post# 29365077

RE:RE RE: Outstanding results

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.     
     

Bullboard Posts