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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 TouchDown12on Jan 18, 2024 10:19am
188 Views
Post# 35833463

BIR is now a bet on NYMEX Spot NG Pricing; until it is sold.

BIR is now a bet on NYMEX Spot NG Pricing; until it is sold.Tough Day for longs. This company now reminds me of a sports team that is at the bottom of the standings - is facing all the adversidy at the end of the season in the hopes of making the playoffs next year. Tough sell when this season is still playing itself out with lots of unknows and uncertainty. To bad Jeff overused the 'no hedge' strategy. it paid off while paying off past debt only to end up putting it back on. I think this is now a two season (2 year) recovery story as TD spoke of; not just 1 year. I could be wrong and it takes less time but i think that is realistic. A little strategy from BIR would have avoided a lot of the pain (maybe even 40% hedged??). PEY did it so it could have been done at least in part. GLTA TD12
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