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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 PabloLafortuneon Jan 18, 2024 11:12pm
197 Views
Post# 35835239

RE:RE:RE:From BNN Bloomberg

RE:RE:RE:From BNN BloombergEven when activity based costing dictates not to drill complete and tie in, US producers still do because they have these in the money hedges in their back pocket to stabilize cashflow. Which means it takes a lot longer for oversupply to correct itself.  Exacerbated by associated gas which is constantly growing.

So not hedging + sizeable dividend = formula for ___.
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