Birchcliff Energy Ltd T.BIR

Victim of success

[Grandcentral]

The target on BIRs back is huge, as shorts know it's a sure rebound if they drive it down, and ride it back up. Silly game, and no fun being dragged along.
Q4 results will be outstanding (relative to BIR's size, they will be the best in the industry), as gas prices were at all time highs during that period, and they had no hedges. We are currently selling at significantly higher gas prices than a year ago, so the outperform success is trending again for 2022. We are in major profit territory, and the SP is defying those basic fundamentals.
I admit I can never predict when manipulation will occur, but I can identify it when I see it.
GLTA

[TouchDown12]

Good Post GC. Never thought i would buying BIR again at 5.73. Look forward to some great returns in 2022. TD12

[robert41]

I'm starting to beleive in buy back shares the company is being given an opportunity here and maybe over the next few weeks where they should not worry about debt as they are still getting a great price for gas. This maybe the chance to buy back and actually make a material change in your float that makes sense. I think they can only buy back about 10 million on this ncib but let's hope

[robert41]

I sold some yesterday because I was angry about the guidance but I didn't see the market doing this and nat gas is actually going up today. For a lot of investors they are being given a gift because all the markets suck... when to buy back? Actually what to buy? Holy cow 

[RusticHit]

The stock price is back to almost summer lows and no other O&G stock is that lows so i don,think market is seeing what you guys seeing in Bir success if they are really doing good Fund managers scoop up the stock like candies but here case is opposite  this is being shorted on every day basis down 7 % now 2x to others 

[TouchDown12]

Good commentary Robert41.... it is hard to buyback mentally.... but i sold a bunch of BIR after the CDN election in Sept. (i over-reacted) at 6.30... and i am buying back those shares at 5.70 or so.... and BIR is a materially better co. than it was 4 months ago.... and the NG strip currently is pricing Feb./March NG at the same price as JULY NG (what??); and we just dipped below the EIA 5-year

[Scotchlight1001]

According to the insider tab on this board Birchcliff bought back shares on January 14, 2022 at $6.70. They also did something else on January 18, 2022 but the price is not indicated. I would watch for the next buyback as a signal to repurchase. Perhaps, this information is made available sooner from another source.

[TouchDown12]

Good idea Scotchlight1001.... i would be surprised if they aren't active yesterday and today being down from Jan. 14 by almost 15%. Lilkely report not filed yet but will be Monday.TD12

[RusticHit]

Idiots were buying Back  at 6.70 when they should have know that market gonna crush the stock after what they said couple days back and now no money left to Buy Back more at this price worse Management i have seen  NO wonder SHorts r winning big