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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

Comment by robert41on Feb 03, 2023 8:44pm
192 Views
Post# 35266343

RE:Maybe a late winter will benefit us

RE:Maybe a late winter will benefit usThese harsh temperatures mean nothing to the price of gas given how long they last... now if extreme cold lasted for a few months that might help but again it would be temporary.. egress to foreign markets and supply are the issues. Kitimat will be a game changer but it's 2 years away roughly, right now supply in North America is plentiful so no stress on the price...time to put the weather theory in the dumpster. Jeff has put us in a good place re debt hopefully down the road they can see the market better and hedge a little too bad we have the big divi that cash would have been great to buy back cheap shares and lower the big float. We need  consistency in the gas price and preferably around 5 bucks not 2. 
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