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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

Comment by GuidoSan1on Feb 22, 2021 12:24pm
147 Views
Post# 32626923

RE:AAV up 6%, KEL up 7%.........

RE:AAV up 6%, KEL up 7%.........
slipperyslope2 wrote: BIR up 0.6%. Where is all the benefits of being unhedged.



Debt vs opportunity, one should continue to show patience until that 1st quarter report comes out April to see the benefits, and only then IMO can you call the company out if it's not reflected in flow thru cash and debt reduction.

Accumulation still underway in my opinion as was noted by another, just look at the substantial rise in short contracts in January, sure something's up lol, the rats are finally beginning the exodus from the ship. One polar vortex does not change the sector sentiment yet, too many other factors involved.

Lots of good posts the last while referring to the sector evolving and it will likely take the rest of this year, storage concerns, weather variance, etc. it all plays a part. 

Rising major support floor still at 2.65 area, minor support 2.85 - 2.95 on long term historicals, keep these numbers in mind IMO, if the minor is not compromised you are fine, if your patience tolerance is low I recommend taking your money out and heading for a casino instead, this company is simply not for you, cheers. 
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