Bullboard - Stock Discussion Forum Birchcliff Energy Ltd T.BIR

Alternate Symbol(s): BIREF

Energy Oil & Gas E&P

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

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TSX:BIR - Post Discussion

Birchcliff Energy Ltd > Nat gas short squeeze

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Post by Grandcentral on Jan 27, 2022 2:55pm

Nat gas short squeeze

That's quite the hit.
GLTA

110

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Comment by TouchDown12 on Jan 27, 2022 3:06pm

A short squeeze and expiry of contract "margin call" - a meltUP - very unusual... somebody is going to pay for that one.... seen big traders go down over these type of things... could be some "short" smoke were there might be multi-month (contract) short fire.... watch the next few days... the press will be all over it. What will the narative be??? In BIR's favor I bet ...more

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Comment by Barkis on Jan 27, 2022 3:29pm

Time to settle in for the clickety clack and thumpety thump. And we have a boatload of shorts in the coal car along for the ride. Enjoy.

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Comment by TouchDown12 on Jan 27, 2022 3:32pm

Too funny Barkis. TD12

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Comment by Barkis on Jan 27, 2022 3:41pm

Only question now is did they hedge or did they stick to there stated priciples ?

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Comment by robert41 on Jan 27, 2022 3:46pm

This is a one off unicorn spike.... poster terribleng on the Peyto board is super knowledgeable and posted his thoughts. Worth having a look. There's no way they anyone could hedge today I'm sure whoever you call didnT even pickup the phone...

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Comment by Grandcentral on Jan 27, 2022 3:49pm

Next month is also up ~8%. BIR is benefiting. GLTA

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Comment by robert41 on Jan 27, 2022 3:55pm

Good news.... does any one have any idea what gas price Bir is using for their forecasting cash flow of 580 million for 2022. I tried looking their presentation but couldn't understand it or it's not clear. Thx

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Comment by Barkis on Jan 27, 2022 3:51pm

I am just hoping they did not hedge before today. Wasn't watching that much but I do not think the strip moved much anyway - there was no way to hedge at $7.00.

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Birchcliff Energy Ltd