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Birchcliff Energy Ltd BIREF


Primary Symbol: T.BIR

Birchcliff Energy Ltd. is a Canada-based intermediate oil and gas company. The Company is engaged in exploring for, developing, and producing natural gas, light oil, condensate, and other natural gas Liquids (NGLs). The Company's operations concentrated within its core area, the Peace River Arch, which is centered northwest of Grande Prairie, Alberta, adjacent to the Alberta/British Columbia. It is focused on natural gas and light oil drilling areas in North America. The Company is focused on the Montney/Doig Resource Play within the Peace River Arch. It has 100% interest in its Pouce Coupe Gas Plant and two oil batteries, as well as various working interests in numerous other gas plants, oil batteries, compressors, facilities, and infrastructure. Pouce Coupe Gas Plant is in the heart of the Montney/Doig Resource Play. The Gordondale property is located northwest of Grande Prairie, Alberta and consists of the properties in Gordondale.


TSX:BIR - Post by User

Post by bossuon Dec 05, 2022 3:25pm
296 Views
Post# 35151776

Q1 cash flow /Q4 cash flow

Q1 cash flow /Q4 cash flowJust having a quick look at the one year Nat gas price and the price BIR will generate in the Q4 will be higher than the Q1 

Nat gas pricing going to be higher and projected production also higher.
Bottom line BIR to be ''debt free''

Year 2023 is another storey and nobody can ''forecast the Nat gas throught the year but one thing we all know ''BIR to be'' almost debt free''

Q1 2022 highlights:

 

  • Achieved quarterly average production of 76,024 boe/d, a 1-per-cent increase from Q1 2021; liquids accounted for 20 per cent of Birchcliff's total production in Q1 2022 as compared with 23 per cent in Q1 2021;
  • Generated quarterly adjusted funds flow of $183.7-million, or 69 cents per basic common share 
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