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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 Barkison Oct 19, 2022 1:41am
149 Views
Post# 35033009

RE:RE:RE:RE:RE:RE:Down

RE:RE:RE:RE:RE:RE:DownBossu

I know it sounds scary when he quotes those lowball bids
but Plutus's buying strategy is a valid one.
BIR is a volitile stock and you have to take that into account
if you are building a position i.e dollar cost averaging.

The volatlity should subside now that a greater percentage
of the cashflow is going to shareholders. I think stock is
trying to find it's footing now but I think they are selling it
down too low. Dividends at .80/ year should make this
$15 stock in a few weeks or months IMO (if natural gas
stays at $6US). They should to be able to easily pay the
.80/year  with that gas price and have money left over.
When the market sees that clearly  that then the share
price should go up.

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