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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 kavern23on Feb 15, 2024 1:14pm
182 Views
Post# 35882242

Irony

IronyThe big irony is more debt BIR takes on to pay the divy, less of a take over target they become....almost like a small poison pill ironically

BIR always has buyout target on its back if cheap enough due to owning Pouce Couple Gas Plant...very lucky to own that.

It would be expensive and hard to get permiting to build Pouce plant now. Big gas plant.

Owning gas plants in Montny is very key and what big companies like CNRL want...
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