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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

Comment by Angus66on Sep 07, 2022 4:00pm
149 Views
Post# 34947715

RE:Oil Capitulates On Global Recession Fears

RE:Oil Capitulates On Global Recession FearsI think NG demand will still hold up even if oil drops off somewhat. Winter is just around the corner and storage levels everywhare are well below 5 year averages. 
For sure there is a downward response to energy because of recession fears lockdowns in China and so on but BIR is a NG producer and right now being almost Debt free in a rising rate enviornment is huge. 
The more i look at their situation the more i feel they are on the right track.
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