Post by
mrmomo on Dec 06, 2023 9:28am
It's NOW or NEVER....!
Well my dear friends, Birchcliff has finally reached that pivot point where it is interesting & tempting to invest in it. You guys KNOW my feeling & opinion on this company, i don't hate the company BUT they do have some serious issues to deal with. Especially IF NG prices don't reverse course or recover some what over $3........SOON. But like i said, even with ALL those problems, Birch's still makes a solid case for a likely buyout/merger at these levels.
So for this rreason, i finally decided to use some of my VERY profitable Crypto proceeds to throw some money this way, .....on a calculated bet.......and take a small but modest postion in Birch at these levels. Hopefully Birch mgmt is smart on HOW they proceed if it comes down to this, and this doesn't turn out to be another "unfortunate" Painted Pony debacle like it was with Pipestone. Hopefully Birch mgmt has learned some valuable lessons of "what NOT to do" in that crazy mess that they won't repeat here with their own shareholders. Pipestone s/h suffered greatly due to inept & corrupt mgmt, hopefully its NOT the case here. But you can bet i'm NOT ruling it out completely. As Canadian UnNatural is STILL roaming out there somewhere looking for some Scrooge like deal they can eat up.
So please Welcome back MrMoMo once again, as he has become a Birch s/h for X time. Hopefully this time, it will be the last. It's been quite a few years since ive hled the stock and traded it, but this time around it should be a definite FINALE or Swan Song if i'm right in my assessment here. In any case, anyone looking to do what MrMoMo is doing here, please be aware that there are STILL considerable risk involved, as we don't for HOW long the Powers That Be, will keep NG prices at these low levels. And that's only ONE of the risks, as there is also the VERY likely possibility they will cut the divvy BEFORE any M&A comes into play. Which in trun could tank the stock another 10% in the short run.
But those are risks I'M willing to take and anyone looking to invest here, better make sure they are also! Imo though, the risk are manageable and mitigated at this level amd if this was 8 bucks, i probably would be taking the risk. But at $6 & chnage, when i think an eventual buyout is possible between $7 & $9, is VERY compelling. And i hope this brief assessment will help some of you make those "wise" decisions as well.
That's it for now.......Let's see where this goes BUT i don;t expect ANY fireworks or movement until after the holidays and well into Q1. But i do expect some update or development from Birch mgmt on HOW they intend to proceed forward (with the diccy issue as well!!!) into 2024.
GLTA
Comment by
barneyj44 on Dec 06, 2023 11:28am
Welcome aboard Mrmomo.. If and when there's a buyout it most likely will be lower then I would like. If that happens I will add another depressed priced Natural Gas producer. That situation happened to to me with Painted Pony, my big loss turned into a nice gain as I used the funds to buy Crew Energy that was trading at .40 cents a share.
Comment by
barneyj44 on Dec 06, 2023 12:52pm
Ha,ha I sold Crew early as well but still made a good return. Didn't want to get caught with my pants down again as the Painted Pony was still fresh in my mind.