Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (102243)	2/11/2021 3:05:01 PM
From: Goose94	Read Replies (1) \| Respond to of 203439

Birchcliff Energy (BIR-T) new 52 week high, $3.29

To: Goose94 who wrote (102243)	9/16/2021 8:56:45 AM
From: Goose94	Read Replies (1) \| Respond to of 203439

Birchcliff Energy (BIR-T) Canaccord Genuity analyst Anthony Petrucci Buy Target $8 the risk/reward proposition for natural gas weighted stocks "appears extremely compelling at current levels." Mr. Petrucci says in a note: "While natural gas pricing got up off the mat in Canada in 2020, the upward move through 2021 has been much more extreme. After five years of averaging close to $2 per thousand cubic feet, the spot price Monday closed at over $4.50/mcf, with winter gas pricing on the strip north of $5/mcf. Strong demand in Canada and throughout North America (and record external flows through LNG), combined with a very limited supply response, have domestic pricing poised to continue to show strength, in our view. A look over to Europe, where natural gas prices are now topping $20/mcf provides a jarring example (albeit extreme) for the potential of natural gas pricing when the supply/demand balance fails to normalize." Accordingly, Mr. Petrucci boosted his share target for Birchcliff Energy by $1.50 to $8, while maintaining a "buy" recommendation. Analysts on average target the shares at $6.96.