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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 > Opec cuts. Monday could be interesting
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Comment by AboveBoardon Apr 26, 2023 7:19pm
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Post# 35415869

RE:RE:Opec cuts. Monday could be interesting

RE:RE:Opec cuts. Monday could be interesting

AboveBoard wrote:

Why are they cutting?  Demand down...interesting.  What happens now?  Non OPEC increases production?  Then what happens?  Interesting. Oil up $5.  Will oil keep rising further?  Will the price drift down after the initial shock?  Will OPEC nations cheat on production?  Fun/sad times coming?  

https://www.reuters.com/business/energy/sarabia-other-opec-producers-announce-voluntary-oil-output-cuts-2023-04-02/


Will the price drift down?  

Oil prices have erased all their gains since the Organization of the Petroleum Exporting Countries (OPEC) and producer allies such as Russia, known collectively as OPEC+, announced in early April an additional output reduction until the end of the year.

recession fears...
https://www.reuters.com/business/energy/oil-prices-rise-us-crude-fuel-stock-draws-2023-04-26/

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