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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 Naveed23on Feb 23, 2023 7:29pm
127 Views
Post# 35302318

RE:RE:RE:RE:Wow Yeiling OVER 10%

RE:RE:RE:RE:Wow Yeiling OVER 10%Exactly. Everyone is so concerned about the dividend and quickly forget how good of a company Birch is. 2 months of low natural gas prices and people are wanting to write them off. It's very easy to say today that they should have hedged but if they would have hedged for 2021 and 2022, they would not be in the amazing financial position that they are in today. Nobody can predict the future but Nat Gas has a lot going for it moving forward. The same manipulation that brought it down to $2 will likely bring it up again to unrealistic highs as the big boys will want to cash in on the cheap shares they were able to buy. It is at times difficult to look past the daily ridiculous/manipulated Nat gas price fluctuations but these same fluctuations will likely be on the upside soon rather than the downside. I hold both Birch and Crew. Best of luck to all. 
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