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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 liljohnnyjokeon Dec 07, 2023 12:17pm
160 Views
Post# 35773209

NG prices dipped below $2.50 today

NG prices dipped below $2.50 todayand that was after a larger than expected draw? maybe the NY hedge fund shorts are now setting sights on dragging it down to $2?, this weekend is supposed to be mid teens °C in eastern US and then above seasonal through a green Christmas. At some point in Jan/Feb there will be a prolonged polar vortex deep freeze or two where they will run the NG price up +$4 and be pounding the table to go long in to shoulder season when they will take it back down to $2ish again. If NG prices do spike in Jan/Feb i hope it doesnt make BIR think those prices are sustainable and keep the dividend, only to be borrowing money again for divy payout when NG tanks again
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