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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 Nadia6519on Nov 17, 2023 2:17pm
103 Views
Post# 35741623

RE:RE:RE:?BIR

RE:RE:RE:?BIRI do understand what you mean dandu1924.  I too find that when WTI goes up all of the companies (Oil or Nat Gas or Oilfield services) go up and vice versa.  Market performance has a lot to do with perception...

About the coming months, say two next quarters, the facts are that it won't be summer or spring; therefore demand for natural gas will increase and the price should follow.  I've seen up to 5.50 $US for Nymex in the colder months.  We will see.

As for BIR, if I unserstood Jeff well, those nine wells which were not included in the results published this week, will be included.  They are already in operation.  Unless something really bad happens, the results for the two quarters to come should be very positive.  Market performance has a lot to do with perception, but when great results are published, it usually has an impact on the share price.

I am in and I am staying in and I am keeping my fingers crossed.


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