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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 24, 2023 12:32pm
76 Views
Post# 35303688

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

RE:RE:RE:RE:RE:RE:Wow Yeiling OVER 10%I agree that it would have been good to have some hedges in place at or above $5/mcf. I just think it's a bit quick to judge them for their decision making as no hedging has worked in their favour for now. Perhaps they know something that we don't. They have experienced bad hedges in the past and maybe have too much tunnel vision when it comes to hedging. I'm curious how many or if any in the boardroom are at odds if to hedge or not. Tourmaline has approx. 26% hedged for 2023 at 5.26/mcf. Should Nat Gas stay below $5 for the remainder of 2023, then the hedging works out great. It's just too early to tell what will transpire this year for Nat Gas. If many producers are starting to shut in/lower some production due to the low prices, a very quick price reversal could happen. I don't think I missed a day in 2022 in which I did not look up the HH price daily. The price swings were quite ridiculous. Hopefully, 2023 finds some stability in the price also. 
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