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Birchcliff Energy Ltd T.BIR

Alternate Symbol(s):  BIREF

Birchcliff Energy Ltd. is a Canada-based intermediate oil and gas company. The Company is engaged in exploring for, developing, and producing natural gas, light oil, condensate, and other natural gas Liquids (NGLs). The Company's operations concentrated within its core area, the Peace River Arch, which is centered northwest of Grande Prairie, Alberta, adjacent to the Alberta/British Columbia. It is focused on natural gas and light oil drilling areas in North America. The Company is focused on the Montney/Doig Resource Play within the Peace River Arch. It has 100% 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. Pouce Coupe Gas Plant is in the heart of the Montney/Doig Resource Play. The Gordondale property is located northwest of Grande Prairie, Alberta and consists of the properties in Gordondale.


TSX:BIR - Post by User

Comment by AboveBoardon Aug 12, 2022 11:13am
206 Views
Post# 34891599

RE:i will be selling in the ....

RE:i will be selling in the ....

NewfNewf wrote: high 11's like i did not long along ago. Bought it back again in the 8's and ready for the repeat. These guys are doing a great job and like the company but i think we are in for some interesting times in the next 4 months. Especially concerning is the China situation with their banks and housing as everything will get sold off if the China situation gets worse as we are not isolated from this mess. Thats when i will buy back once again. Just my strategy as i want to stay as liquid as possible in these markets.

 

well done.  Many variables in the mix.  Everyone has different strategies.  The bottom line is to make money.  Trading zones can be very profitable.  24 trades at about 3% cuts a double if playing cumulative. A couple 36% cumulative cuts a a double.  Emotion needs to be on hold.  Key is not to get caught on a major down draft. 

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