Birchcliff Energy Ltd T.BIR

Next Few Days

[Barkis]

If the short position is still 7-8 million then these people will be looking at 
a $1.5 million charge on the 21st just to cover the divi on those shorted shares.

That is a lot of money to try to make up on swing trading which I assume
these people are counting on to make up for the capital losses on the 
short sales.

Odds are obvioulsy against now but my guess is they will still to introduce
new short sales at the $12.25 mark to try to make up the lost ground.

[bossu]

I call that a suicidal action or a ''harakiti'' move..!

[Barkis]

It may be programmed into their trading algorithm. At a certain volume point the algorithm will probably give up and this should take off.

[Burgersandfries]

I like the news today and the new Barkis 

[PlutusofCrete]

lol "new" Barkis? ....Mr. Barkis is still same old and we like him that way. Hopefully Mrs. Barkis is doing well. Back to BIR - honestly great execution by the management team. They did what they said they would and that's hard to find in these markets. Since I'm getting paid, I'll forgive the planning trip at Lake Louise....thought that was a bit extravgant given we havent

[Burgersandfries]

Yah well just got way to weird for me...each to his own just thought it was refreshing to see posts that made some sense. 

[Barkis]

Everyone is doing fine thanks Plutus. There is still  some of the tyrant left in me and there seems to be some sort of power vacuum here so I thought I would hang around for a while longer. Hope I do not get into too much trouble or overstay my welcome. " A man wanders the world looking for what he needs only to return  home to find it" - George Macdonald {^youtubevideo

[bossu]

Shorters are the winners this morning and  ''the pendulum ''wemt  to much and too fast in the positive  position and has reversed this morning and shorters noted the action but at one point it will balance back later .... What I write yesterday ''Of course i have been selling some but I am a firm beleiver....''

[Barkis]

"Shorters are the winners this morning" ...... Good ol' BIR Always good for a few laughs and a few bucks for those who can read

[Barkis]

FWIW .., Doubt they have the stomach ro take it below the $10.67 day low I had to buy again today ... the company should be back in the market for buybacks next week I would imagine and natural gas should be trading highr with the cold front and winter coming on G.L.

[Bullchart1]

Agree. BIR VET ARX MEG MJ  safe mid plays going forward. Crude 80-100 means more dividends as these guys pay off debt and increase earnings. Good volitility

[Barkis]

People are getting scared out thier shares today. It may be that another broker is willing to try thier luck and has taken on the mantle of market maker  - they may sense an short term oppournity given the fast runup recently. Note. The company will be able to buy back shares early next week at a .20 discount for a few days.