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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

Post by GuidoSan1on Jun 13, 2022 10:22am
356 Views
Post# 34751727

OH OH

OH OHThe market trim is well underway (under statement lol) and we all have had a chance to circumvent it.

On a 10 year TSX chart and from Friday's close it appears the following levels will likely get tested, 18780, 17720, 16010 and heaven forbid 14600 as a bottom line in the sand.

What could that mean in terms of BIR, SDE, or any stock for that matter even though in the case of Oil/Gas stocks and commodities remaining high, well, as much as a 30% haircut from Friday's close before things might stabilize quite possible if the historical charts are correct.

All IMO of course, damn I'm short cash for that Lamborghini again lol, good luck, and yes Jeff had it righ,t allright, cashing in pre market collapse, cause recovery may be slow to see the lofty heights achieved just a very few short weeks ago.

Hope I'm wrong, cheers. 
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