Birchcliff Energy Ltd T.BIR

New short report

[robert41]

Shorts appear to be doubling down. I find this strange given BIR exposure to great prices and no hedges. Any thoughts?

Short Positions for BIR

Symbol	Report Date	Volume	Change	Shares Issued	% Float
T : BIR	2021-09-30	7,241,025	1,497,428	265,604,733	2.73
T : BIR	2021-09-15	5,743,597	-1,534,423	266,953,342	2.15
T : BIR	2021-08-31	7,278,020	-162,201	266,953,342	2.73
T : BIR	2021-08-15	7,440,221	-693,618	266,953,342	2.7

[TouchDown12]

Thanks for the Report Robert41. Yes - it appears it is Justin T.'s trust fund shortling NG again. But it's a blind trust - right? Like - really blind...as in MARKET blind. Sorry for the rant. I think this is setting up as a classic short squeeze likley in November (or earlier if winter starts early). I am in the west today and we had a pretty significant overnight frost this AM; just a

[robert41]

Joking aside about Trudeau... Bir is a heavy target amongst its peers the shorts are playing with a ton of cash... I wish could understand the reasoning.

[barneyj44]

Maybe Birchcliff is in play, the shorts are here to keep the share price in check. Mr. Tonken always said if the price was right he would sell.

[Barkis]

They are probably short term market tacticians who have some sort of long/short strategy in the energy markets or markets overall. They also probably have second jobs walk the high wire in the circus. Re: BIR. I think the vice gets turned slowly one way and then the other while everyone watches for the first sign of discomfort. IMO I think we are seeing some significant gas to coal switching in

[TouchDown12]

Just to add to the discussion - i have observed - and the short count increase from Sept.15-30 illustrates my point - that BIR shorting might be used as a counter to other E&P long purchases. Not sure if that is correct or not - but would BIR now being in the TSE 300 again since Sept. 20 make it more of a target as a hedged short position against another long postion? Like buying SU (oil) amd

[barneyj44]

One more positive item to add Touchdown, The company continues to buyback stock.....

[Barkis]

If you are going to watch the tape you may want to listen to something while you are at it. I find it helps to to understand the numbers inside the trading algo. For anyone new to this I suggest you memorize as much of the BIR  financials as you can and watch the various N/A gas  and oil prices (they are different dependig on region) -  Especially if you are a swing trader as you