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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 AboveBoardon Aug 12, 2022 11:13am
223 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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