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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 newtonboyon Jan 25, 2024 8:57pm
201 Views
Post# 35846286

RE:RE:RE:nat gas inventories out..as expected BIG withdrawls

RE:RE:RE:nat gas inventories out..as expected BIG withdrawlsBuy-backs (although positive) do not show up as cash in your trading accounts. They do support the share-price along with paying down debt, but idue to the ever cycling commodity prices lately, i prefer regular cash reminders in anticipation of a greater share price. Most large caps are doing all three (divs, debt and buybacks). ATH ( which has been berry berry good to me) with no debt are buying down shares and I am guessing will initiate a dividend in the near future if they do not complete any major M&A or are bought out. Their FCF teamed up with their tax credits makes a divy almost a professional courtesy. 
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