Birchcliff Energy Ltd T.BIR

Zero US volume

[robert41]

Of all the Canadian OG companies I follow BIR has the lowest trading volumes in the US by far. Seems strange?? Basically no volume at all. Bir is also the heaviest shorted stalk out of the names I follow. If shorts cover and US investors find out about BIR you wonder how much upside there is. It may get to Shenty's price. GLTA

[GuidoSan1]

41, here are some facts you can actually take to the bank regarding shorts and to get my point across just look at the volume of shorts on Sun-Cor and their share price is not affected at all. Most short positions are institutions who hedge there price targets with shorts in large blocks, good example with BIR last short position trades today 5, National Bank 3, Scotia Bank 2. Over 90% of these

[barneyj44]

Guido any cause for concern about the Spartan August financing and those 29.7 million shares hitting the market that were purchased at $5.05.

[GuidoSan1]

44, Speaking personally if I was in it now for strictly short term or swing trading I might have a little concern but in reality I waited 2+ years on BIR to get it right with pain at times, lol, so waiting 6-12 months or less is no big deal given the technical targets and technical fundamentals I see, plus with any real winter........ Might as well finish on short position strategies by

[GuidoSan1]

Lastly if anyone thinks I am promoting elsewhere here in a BIR post I can and simply will stop posting completely on this board no problem, just offering insight, in the game bottom line to make some money wherever real opportunity arises, no time frame, cheers.

[robert41]

Thx Guido appreciate the input. I'll have a look at Spartan I'm looking to sell my Arx it's been ok but I hate the hedges maybe i'llI replace it with Spartan. 

[llerrad5]

I might add that some cos. have small bank indebtness as they do not qualify for a higher loan. Never mind current ratios or current cash flows. The reasons for that can be many. My investments are nicely diversified both within the natural resource sector and without.