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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 bossuon Oct 16, 2022 8:18pm
263 Views
Post# 35028097

RE:RE:RE:RE:My take on BIR

RE:RE:RE:RE:My take on BIR''Glad to see that you are happy with the money in your pocket''
I share your view !
I also have been in Bir probably longer than you but the difference is the fact that I have been avtive in buying/selling frequently probably for 6 years or so and buying in the $ 1,00 range early in 2020 to average down in a couple of account and selling some all along 2021 but making sure to always have a position because of the Bir potential in the nat gas commodity.
As an example.I have been selling 50 % on the 13 before the news release because I found that the share price was surging too fast and I bougt back in mid day Friday to bring back my position back at a 75% of what I had.
No doubt in my mind that Bir is a hold and the next Q3 results will bring a positive view and possibly a higher 
funds flow than the Q2 and might bring  back Bir to $ 12 level.
So ,for sure I'm going to trade actively but surely will keep a position for a longer period of time.
Good luck

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