Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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

Post by soundandfuryon Feb 21, 2023 6:46pm
278 Views
Post# 35297326

One must consider the year in entirety

One must consider the year in entirety Presumeably birchcliff made some exceptional cashflows throughout a good portion of 2022......probably so much cashflow that even exceeded managements wildest dreams...........so they paid off a whack of debt and all those other things a company does when they have so much money.......they even raised the divi..........the  current low price of gas although breath taking when you condider its decline from lofty hieghts is really not that unusual give historic prices of gas for this time of year.........yes its a tad low but there has been many years where it has been lower...........the takeaway from my  vocal drivel is this..........we should be thankful we had such good fortune in 2022 gas market and remember that from whence we came we will no doubt rise again .........i would not be throwing in the towel on birchcliff just yet.......i will enclose this link to henry hub historical prices for you to look at.......take care ya'all.....       https://www.eia.gov/dnav/ng/hist/rngwhhdm.htm
<< Previous
Bullboard Posts
Next >>