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Birchcliff Energy Ltd T.BIR

Alternate Symbol(s):  BIREF

Birchcliff Energy Ltd. is a Canada-based intermediate oil and natural gas company. The Company is engaged in the exploration for and the development, production and acquisition of oil and gas reserves in Western Canada. The Company’s operations are focused on the Montney/Doig Resource Play in Alberta. Its operations are concentrated in the Peace River Arch area of Alberta. The Company has a 100% working 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. Its Pouce Coupe Gas Plant, which is licensed to process up to 340 million cubic feet per day (MMcf/d) of natural gas, is located in the heart of the Corporation's Montney/Doig Resource Play.


TSX:BIR - Post by User

Comment by mrmomoon Dec 12, 2023 12:22pm
152 Views
Post# 35780135

RE:RE:RE:RE:RE:RE:C'Mon Jeff......Pick up that phone....

RE:RE:RE:RE:RE:RE:C'Mon Jeff......Pick up that phone....barneyj44 wrote:
"Agree Mrmomo Advantage would be my choice or Whitecap...."


Yep......Advantage would be number 1 and in the BEST INTERESTS of both companies. The merged company would have a lot of coat savings & synergies and would be catapulted into the raknks of guys like Peyto, Crescent Point, StrathCona & Whitecap. The merged entity would have comparable production profiles of ~150K boepd and garnering the same amount of respect as them from  the market, financiers/lenders & investors

As for WhiteCap.......even though they are Waaaay passed due ot make an acquisition of their own, i think as it's sister company Crescent Point has done, i just think they would prefer an acquisition or ot acquire assets that involve a litte bit more liquids & crude rather than more unrpoftiable natural gas.So for all intents & purposes, even though YOUn would like for WCP to be the one & prefer to take Whitecap paper......i don't tihnk Birch is the BEST fit for WCP. They have more viable or better options than Birch, guys like Kelt, which i think is better suited for WCP.

And since wCP is due to make one soon, if you don't see some movement on that front late this year, you can almost guarantee they will in Q1 of 2024.....or very early in 2024.


Just my 2cents worth........................


GLTA




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