Birchcliff Energy Ltd T.BIR

Hold your shares

[Oncourse]

Can't say much but was told if you are planning to sell your sharesyou might want to wait until December 16th. There might be some good news for xmas on that day for Birchcliff share holders.

[Beakr123]

Oh shut up with that trash.

[Burgersandfries]

Yah seriously. Unless they say they are hedged at $5.50 which obviously won't happen the next news is year end financials. Looking forward and with the benefit of hind sight not hedging at higher prices seems like a mistake by al the gas companies. Just my thoughts. For those with more knowledge is there the possibility that you couldn't hedge when gas was higher as someone has to be

[Beakr123]

I agree with you. Given the volatile history of natural gas, especially to the downside, you would think gas companies would take advantage of hedging to provide investors with confidence heading into 2023. I get the advantage to the strategy of no hedges but Jeff's ego seems to be in the way of making a smart decision here.

[barneyj44]

Being unhedged has proven to be a good move. Stock is up 4 times from the lows, paying down debt , buying back shares and increasing the dividend. Just taking a breather til winter finally arrives.

[robert41]

Jeff should have hedged some just good to safe rather than sorry. Yes it was a good move as gas moved to 6 bucks but not taking advantage of it now looks to be a mistake we may get a short term bump if it gets cold, Winter is a 3 month story markets look further out. Not all producers are holding firm on not increasing production. Bir would have been debt free by end of Q2 or 3 2022. Given the buy

[mjh9413]

Of course very true given AECO, Dawn and HH moves down but current qtr might averaage their projections given prices prevailing Oct, Nov.  Did they in fact counter normal policy and hedge? Hopefully! As infer, jan and particularly feb can be most cold months. I know here in BC we are using more gas this december and the gas in storage in US is getting closer to the low 5 year average with 59B

[PlutusofCrete]

Given how corrupt I feel markets are...I believe the sell off in Nat Gas is a way to get producers to hedge now in fear of even lower prices. After all the hedging takes place, nat gas prices will continue to move higher and give the banks their share of the profits. If the banks expect lower income from financing (interest charges), they want to participate in the industry through M&A fees