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Birchcliff Energy Ltd T.BIR

Alternate Symbol(s):  BIREF

Energy Oil & Gas E&P
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

Birchcliff Energy Ltd > What is with this stock?
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Comment by AboveBoardon Oct 19, 2022 11:01am
95 Views
Post# 35033658

RE:RE:What is with this stock?

RE:RE:What is with this stock?
navajojoe wrote:
bassfishing88 wrote: The only red oil/gas play on my screen. With the special div . paid to holders today you would think it would be leading the pack not lagging due to short covering. All the other gas plays are green right now so wtf is going on here? Any info apprciated.TIA



Expect the share price to drop another 20 cents tomorrow with the payment of the dividend, if oil and gas prices stay soft.
JFYI, Alberta natural gas prices have sucked lately, not enough demand from the US as they over-produce.


 

Possible 20 cents x3 to x5 drop could easily possibly occur?   More?  Interest going up on Oct. 26 then Dec. 7 in Canada?  Midterm in US propping up the illusion for now.  We will see what occurs in the next 6 weeks.  

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