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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

Birchcliff Energy Ltd > Doom and gloom
View:
Post by AboveBoard on Jul 11, 2023 11:14am

Doom and gloom

Not trying to sound like a broken record.  The conductor conducts the orchestra.  60 to 90 days away from what?    

possible interest rates rising tomorrow in Canada.  Will there be a huge bull run?  Or will the BEAR roar?

Time to remove the rose color glasses?  

What is your prediction?  

Many are struggling to pay bills
https://financialpost.com/news/canadians-reporting-insolvency-hits-record-poll
https://globalnews.ca/news/9821168/debt-worries-inflation-interest-rates-mnp-july/
https://betterdwelling.com/nearly-1-in-4-canadians-unable-to-pay-their-bills-transunion/
https://betterdwelling.com/canadian-households-at-risk-as-debt-nearly-doubles-income/

Comment by Aurum1983 on Jul 11, 2023 12:06pm
Wrong board. We produce and sell natural gas. I am predicting a huge rally in September the the shorts are covered and managed money returns.
Comment by AboveBoard on Jul 11, 2023 2:29pm
I know Birch produces oil and gas, thanks for the info anyways.    64 cents bought during the "covid agenda".  The current and "tough future" does/will influence prices?  I don't expect you to think beyond.  Your September outlook of a huge rally is noted.  I'll take the opposite.  You may be right.  
Comment by AboveBoard on Jul 11, 2023 2:31pm
Also, will I do well selling today?  We will see.  
Comment by barneyj44 on Jul 11, 2023 5:03pm
I'm in the Birchcliff is heading higher camp. Collecting a nice dividend with a reinvestment strategy will offset share price fluctuations.  Still think we will get taken out or merged sometime down the road. Lng Canada is getting closer by the day.
Comment by AboveBoard on Jul 12, 2023 5:10pm
Yep.  Too funny.  Time to wait again?  
Comment by egee on Jul 12, 2023 5:21pm
It's hard, I'm in ,gotta wait. Slow clock
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