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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 RJboxeron Nov 22, 2023 5:49pm
156 Views
Post# 35749243

RE:the problem with oil

RE:the problem with oil Crude oil has a problem right now. The U.S. shale drillers are back drilling as are the friends North of the border in Canada. The easing of sanctions on Iran and Venezuela is allowing more oil to be exported by each. Guyana is increasing production staedily. The Saudi's have cut back, but must be getting tired of lossing market share whil others pump. The delay in the OPEC+ meeting is ominous.
The good news is that lower crude prices reduce drilling budgets, which in turn reduces associated gas production. With the Winter approaching, I agree with you that NG is the place to park money.
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