Birchcliff Energy Ltd T.BIR

Trading activities with BIR

[bossu]

As a long time holder of BIR I just want to share my trading activities on this outstanding and continuing journey.
Last year il have been trading this ''Gem'' at least 20 times because of  a very low cost and I wanted to lock profit ''just in case''....
Of course as a frequent trader I sold all along with the surging share price from $ 2,25 to $ 6,00 but I wanted to make sure to be always  invested and early 2022 my average cost was higher with an average cost of $ 6,00 and hopefully the stock price went from $ 6,30 to $ 12,00 from March to June and of course I lock profit all along but make sure to stay invested.

So far this year, I have been trading BIR 33 times in 4 acounts to lock profits but my average is now just under $ 10 and still moderately invested and most probably will sell /buy according to the share price variation .
Nat Gas  at the actual level is at a  price not  seen since  2008 and for sure BIR share price is due to reach record level next year but I'm not sure to be  part of  the game .
Finally, Nat Gas is an essential commodity and a recession will not hurt demand in the near futur.

Happy trading

[fishcarrier]

Totally agree with your style and sentiments. Just my humble opinion, this stock is going to rocket up in the next few months. What struck me most is how this company, through "financial instruments" is able to generate such a high price for their gas. I noticed, for example that Tourmaline received 6.31 for their gas, while BIR got $8.61. Then, TOU has a p/e of over 10, while BIR 's

[itsalie]

all said and done it sounds like you would be much better off had you not sold any shareS