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Bullboard - Stock Discussion Forum Birchcliff Energy Ltd T.BIR

Alternate Symbol(s):  BIREF

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

TSX:BIR - Post Discussion

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Post by shenty46 on Dec 06, 2021 9:07am

NG

Ng prices have crashed by almost 35 percent from its recent highs made few months back, being unhedged has also serious repersussions in a falling market.
Comment by Barkis on Dec 06, 2021 9:17am
Time to trust your instincts (and Training) https://www.youtube.com/watch?v=ZKUunJ7awBY
Comment by robert41 on Dec 06, 2021 11:55am
Jeff read the market and it paid off once...still baffled why he didn't hedge some in the 5's? This fall in gas prices are was hard and fast let's hope management has learned a lesson. Greed can both ways.
Comment by PlutusofCrete on Dec 06, 2021 12:01pm
I'm thinking this is temporary. Let's see how it all plays out.  I'll stick with unhedged for now. 
Comment by AboveBoard on Dec 06, 2021 6:58pm
https://www.dailyfx.com/forex/market_alert/2021/12/06/Natural-Gas-Plunges-Over-10-on-Warmer-Winter-Forecasts.html HOWEVER, I wouldn't be surprised a cold snap hits and suddenly ng prices turn an abrupt corner.  We'll see.  
Comment by ghostzapper on Dec 06, 2021 10:38pm
I believe the weather turns much colder for Alberta in 1.5 weeks. 
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