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Birchcliff Energy Ltd T.BIR

Alternate Symbol(s):  BIREF

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

Bullboard Posts
Comment by Nobody12345on Nov 27, 2018 4:01pm
115 Views
Post# 29029680

RE:RE:Retest of lows

RE:RE:Retest of lowsNatural Gas is above 4+ and WTI has hit support - if it were to go to 3 then Natural gas (nymex) would be at less then 2.80 and WTI would be about $45. Seems like this more like instuitional sell off because the volumes are low. Probably best to buy on the way down. If the opec meeting doesn't render any cuts then i can see everything go down much further and then 3 could be retested, but if not then everything is going to go up as fast as it came down. 
Bullboard Posts