Birchcliff Energy Ltd T.BIR

Goodbye for now

[PlutusofCrete]

Team - I have exited my position in BIR. Perserving the gains so that it can be deployed later. 

Looking to enter BIR again in the fall. Good luck to all the friends I have made on this board. 

I will be back! :)

[Oldnagger]

Best of luck to you .You deserve some Probably a wise move on your part since investors are very unforgiving of beaten down stocks (I.e VET , SU )  Personaly I am in this for the long  haul and I truly believe that BIR has some very valuable assets. I do not worry if the share price will someday join the asset value. Rather I rejoice in owning an enterprise that is fundamentally bankrupt

[PlutusofCrete]

I will be back Oldnagger :) I truly believe in BIR.  Just had to exit for now for the sake of my marriage. Hoping to buy back in after the summer. 

[GuidoSan1]

Wow, preach that concept to the uninformed investors that bought this stock at 11 and 12 bucks and held, It will take years again just to have a shot at getting to even again, however it is BIR so the likelyhood remains weak at best given the penchant for dumb moves.

[PlutusofCrete]

Hopefully they can avg down in the mid or low $4 range?  I spent so much time and money avging down between 2017-2020.  Wish I followed you Guido when you exited but I learn more every trade I make.  I will be coming back to BIR to ride the next wave. Watching from the sidelines. 

[AboveBoard]

Note,how,"stockhouse" reputation diminishes upon being correct.  2024 will get very interesting both in the markets and USA/world events.  All the best.  

[barneyj44]

Good luck Plutus,  if your staying with the Oil and Gas sector you may want to look at Whitecap 8.5% dividend yield and secure to $55 oil, Baytex or Crescent Point,  all beaten up and in my humble opinion good sound companies 

[PlutusofCrete]

Thanks Barney and Oldnagger - planning to go with HISA ETF CASH.to for a few months with a 5% yield and then buy back into BIR in the mid to low$4 range...I suspect we will get there over the summer months.