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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 itsalieon Aug 21, 2022 1:05pm
146 Views
Post# 34910050

RE:Trading activities with BIR

RE:Trading activities with BIR
bossu wrote: As a long time holder of BIR I just want to share my trading activities on this outstanding and continuing journey.
Last year il have been trading this ''Gem'' at least 20 times because of  a very low cost and I wanted to lock profit ''just in case''....
Of course as a frequent trader I sold all along with the surging share price from $ 2,25 to $ 6,00 but I wanted to make sure to be always  invested and early 2022 my average cost was higher with an average cost of $ 6,00 and hopefully the stock price went from $ 6,30 to $ 12,00 from March to June and of course I lock profit all along but make sure to stay invested.

So far this year, I have been trading BIR 33 times in 4 acounts to lock profits but my average is now just under $ 10 and still moderately invested and most probably will sell /buy according to the share price variation .
Nat Gas  at the actual level is at a  price not  seen since  2008 and for sure BIR share price is due to reach record level next year but I'm not sure to be  part of  the game .
Finally, Nat Gas is an essential commodity and a recession will not hurt demand in the near futur.

Happy trading



all said and done it sounds like you would be much better off had you not sold any shareS

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