Birchcliff Energy Ltd T.BIR

Its all moot anyways

[HighOctane89]

I get the feeling that the stock market is dead for the near future , there seems to be a bigger game at play . This is like a slow motion replay of 2008 and as much as cash is being hurt by inflation , its better than loosing 5% a day . I had several buys ready to go today but I just don't think we've seen capitulation (again) . Between an out of control fed and US dollar , even with the FX benefit to Cdn co's , this market won't stop selling . If this turns out to be another 1929 , cash was king .

Governments want all that money back that they gave away last year and they will take a hammer to the stock market as the piggy bank they want to empty . Housing will crash and there could be financial skid marks all over 22/23 . Most retail players have never seen an extended bear market and will keep buying all the way down until panic sets in . I hate to sound so depressing but denying whats happening is more dangerous . This is all wrong ...........

[AboveBoard]

that is part of the "plan".  Covid was part of the playbook too(the foreplay)  They accelerated the agenda and they had pushback, which was not anticipated to be so strong.  Many have awakened, many have not.  Will the good guys make their move before the midterms?  After?  Interesting battle occurring.   in the meantime, how to profit or preserve

[HighOctane89]

Capital preservation is key , live to fight another day . Logic is out the window , we are witnessing computer algos conducting the biggest robbery in history and all without the threat of a gun . Deer in the headlights just before impact . Survive this and there will be incredible deals on the other side 

[DarylTheFrog]

I was going to buy in here two weeks back aty 11 had bid in for a day no fill.Now I will wait i think..Cash is king.I think you have suport between 8.40 and 8.80 first.If that goes 7.50 ..I can wait the good thing different than previous hard times at least for BIR is thast they are debt free and we all need to heat our houses no matter what....Industry demand could soften for NG though

[Oldnagger]

You are not seeing an extended bear market here either. What you are seeing is a financially and mostly politically driven interrupted bull market. This type of market has been part of the US elections play book for decades . Squeeze prices right up to just before the elction the let them rip !! The formula has been simple . play with interest rates then tighten up on margin requirements. By its

[HighOctane89]

Yes oldnagger , this has political fingerprints all over it . Once this election is done and the SPR releases end , all this hyped up "demand destruction" fear and paranoia will just mysteriously disappear as reality stops being ignored . Home heating is not optional and a polar vortex will blow this market sky high . 

[Barkis]

I have a tendency to agree with O.N. on the macro stuff. Some short term shenanagins are going on. I think if we all put our heads together we can try to see where the lines converge. That or wait for Detective Noseworthy to show up.