RE:RE:RE:Outlook for the Birch.....
Good Evening Mr Momo,
Thank you for the rebuttal. I appreciate your opinions and I consider all information in my investments, those of the analysts, that in the news services, message boards, company presentations, financial statements as well as the markets.
In terms of the increase in debt level, and projection for debt at end of year, I base it on conservative NG price forecast as well as NGLS which make up give or take 40 % of their revenue. Birch is heavier on the NGLs so it will be a higher cost producer.
In terms of hedging, I agree with your assessment regarding the initiation of a hedging program would have been a prudent move.
Fortunately I do not work for Birchcliff, I am in Ontario enjoying retirement, I did work in Oil and Gas for the British Columbia Government, so I do have some understanding of the technical/regulatory enviroment of the oil and gas upstream environment.
With respect to investment, I believe I am an honest investor I comment from time to time on stocks, always interested in other opinions. I take long-term positions in stocks and carefully evaluate the company before making a decision to invest. I am confident in my decisions and analysis. Birchcliff is a reasonably good company, that in some form or another will be around for awhile to come.