Bullboard - Stock Discussion Forum Birchcliff Energy Ltd T.BIR

Alternate Symbol(s): BIREF

Energy Oil & Gas E&P

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... see more

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TSX:BIR - Post Discussion

Birchcliff Energy Ltd > $10BIR. if reddit gets ahold of NAT GAS

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Post by oil-guy on Feb 15, 2021 6:44pm

$10BIR. if reddit gets ahold of NAT GAS

and caused a bigger short squeeze....

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Comment by RayDonovan78 on Feb 15, 2021 7:17pm

Not sure about $10 but $5-6 could be a possibility in the near future.

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Comment by Oldnagger on Feb 15, 2021 9:39pm

other than speculators , the shorts are usually the nat gas producers . the rise in futures prices could have the perverse effect of ruining Q1 profitability for many producers (other than Birch) due to the accounting requirement to mark to market. Quite a few producers undertook extended hedge positions in order to satisfy their creditors. This wil just make it that much longer until they become ...more

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