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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

Post by Billybabin61on Mar 16, 2023 3:08pm
277 Views
Post# 35343263

Time to chill out

Time to chill outFor those of you who were looking for big rewards, stop belly aching, did you think that you were buying GIC at 10% that was guaranteed? You may have forgotten that you bought a managment team which has much more experience than anyone posting here and  you all knew going into this that they do NOT HEDGE, so you made a decision to either buy in or stay in based on supply/demand and weather. Eric Nutall, the self proclaimed GURU on oil didn't anticipate oil going to where it is now. So this is reality and get used to it.

I applaud management for doing what they can to salvage return to shareholders. They didn't envison this but then again, I own TOU which has come off $30 plus from its high so it is what it is. If it is too hot in the kitchen get out and stop criticizing your investment decisions.
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