RE:~$50M shortfall & Hanging by a thread?So FINALLY ........Birch mgmt was "able" to release their Q1.........LOL.........much delayed to the dismay of the SMARTER folks .... & on PURPOSE btw..........BUT.......as that olld saying goes.......better late than NOT!
So the end result? And does it even MATTER what the results are? Even as bad as they are? To answer second Q first, IF you're not a s/h......ANYMORE or never were.....most likely NOT. If you re on the other hand, then they WILLmatter in the next 12 months! But what the hell do i KNOW?.....LOL.....i'm only a nostradamus ripoff with my faulty, totally cracked ALL SEEING crystal ball.......lol.......so take it for what it's worth........because you will either accept or dismss what ive said on here.....
The results?............LMAO......as expected.....& as ALWAYS when the Momomyster makes a "deilcate & caluculated prediction" ......for the benefit of all investors.....of course.....or at least THOSE willing ot listen to reason......was OFF the mark just a TAD......and Birch's so called unfortunate shortfall for the qtr was a"little" less than even i expected......so please excuse my lack of precision here......and will try to do BETTER.....the next time around LOL.
So not to nitpick or anyhing or get into along discussion on those financials........because as i explained i'm NOT a s/h ...SOoo... i REALLY don't care TBH......the aformentioned number i gave was a little on the "high" side and the shortfall came in closer to ~$25M......Why? As it was the case for poor CRew......as well.....Birch was SAVED the brunt & the full force of damages due to weak NG...SAVED by more or less stable condy & ngl pricing. If they would have pulled off a "Peyto Maneuver".....they would have been OK........revenue wise......debt would have completely exploded more than it has.... BUT the revenue side would have been stable....like it was for Peyto......LOL The lesser of two evils? Who knows....lol
Will this continue? Who knows.....all i know is that NG will continue to remain weak for the rest of the year and most liklely into the next.....UNLESS Trump losses the election. So Ladies & Gents, please place your bets now! For those asking themselves about Q2 & Q3?........Q2 i expect more of the same for the gassers & Birch. Lower revenue for ALL & more losses for poor Birch. For Q3 i don't see much hope either.....
As for my naysayers......DWDC joins an elite group of MrMo's victims ....as i had predcited he would.....and for guys like him who continue to profess accolades for Birch & have that infamous ignorant mindset that "There's nothing to see here, please move along"........well my friends.....you CANNOT help folks like that.....no matter what you say or what the literal, cold hard facts state/tell you. These folks like him are MARRIED to these stocks and ARE emotionally attached & refuse to see anything but their "false" perception of things........in other words....the Wolrd according to Garp syndrome....and that's usually a recipe for failure 99.9999999% of the time..........So.....moving on!
So....therefore.....i won't waste my precious time responding to these folks any longer....as it's an absolute, tragic& utter waste of my & your time. Let them BELIEVE whatever TH they want and let them keep their blinders on as long as they desire.....UNTIL theyeventually sink with therestof the ship......as is ALWAYS the caseon here......I think i proven my point and quite accurate & frequently on here.......The rest is up to you!....at your discretion.........
Mt next prediction? And this is an easy for .....for sure.....continued stock weakness for all the Canadian ep's and especially the gassers....as we see energy prices weaken further as gov'ts continue to battle inflation AND as we approach those VERY important elections.......So i can "easily" see Birch back under 5 kanuck bucks......
And as always......you can take it or dismiss it....at your own peril!
GLTA