Birchcliff Energy Ltd T.BIR

Will 2016 repeat?

[PlutusofCrete]

Just looking at the BIR charts and if we look at 2016. 

The company started the year in the $3 range. 

By the end of 2016 it hit a peak of $10. 

Perhaps we will see some significant changes in share price this year! 

Good luck to everyone!

[bossu]

The 15 years BIR chart ... NOTE : I would be satisfy to see the share price level we have had in 2016 /2017 only. What about Nat gas and oil during that period. It is permitted to hsve a dream....but sure i'im going to be way way away !

[PlutusofCrete]

Hey Bossu, lol I might be dreaming. A lot of you on here have more experience than me. Below are the 2016 stats from BIR's MD&A. Based on the what I have been hearing, aren't we projected to beat on all these metrics? Could we possibly see $8-10 this year? Or perhaps by March of 2022? 2016 stats: Average daily production (boe) 49,236 Average sales price: Light oil - $51.40 Natural

[bossu]

Q1 2021 report and selling price Production in the Q1 75 000 BOE--»Q3 and Q4 --» 84/86000 BOE project Natural gas price ----» 3,52------------------ Light oil------------------»$ 74,22 NGL-----------------------$ 24,26 Total----------------------$ 27,47------- Actual debt  $ 777 M ---Reduced Dec 31 2021---»$ 600/$ 620 M Proj. But the important for now adjusted fund

[GreenEggsAndSam]

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[GreenEggsAndSam]

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[PlutusofCrete]

Hey GreenEggsandSam - thanks for sharing your insights. Everyone's thoughts and ideas are welcome here as we embark on this journey to new highs.  I believe the shares outstanding at the end of Dec 2016 was around 260 million. The peak of $10 was made in that month.  So # of shares outstanding has not changed much since the highs of 2016.  I may be wrong but please double