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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 marketsense on Sep 23, 2022 4:58pm

Wow

"Birch" just fell off the "cliff".   I averaged down today and will continue to on more 
weakness.   As far as I can tell,  winter has not been cancelled and they are fast
approaching debt free status.   After redeeming preferreds and receiving the beneficial
difference between Cdn$ and Us$,  they will be fine.  That lowers their cost of 
production and raises their profitability.  Good buy irregardless of recession.
Comment by HighOctane89 on Sep 23, 2022 6:07pm
THE INCONVENIENT TRUTH , WINTER IS COMING !!!!!  Yeah marketsense , its one thing they can't jawbone away , winter means cold weather and heating demand . If these stocks were trading at elevated prices you could understand a selloff but this sector is already the best value in the market and today just made em more affordable (unless you believe winter has been canceled or the world is ...more  
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