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Bullboard - Stock Discussion Forum 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... see more

TSX:BIR - Post Discussion

Birchcliff Energy Ltd > Oil Capitulates On Global Recession Fears
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Post by AboveBoard on Sep 07, 2022 1:18pm

Oil Capitulates On Global Recession Fears

Narrative comes back to recession talk...which could be the end game?...don't trust governments?  Pulling our chain for their predetermined agenda?

https://oilprice.com/Energy/Energy-General/Oil-Capitulates-On-Global-Recession-Fears.html

Comment by Angus66 on Sep 07, 2022 4:00pm
I think NG demand will still hold up even if oil drops off somewhat. Winter is just around the corner and storage levels everywhare are well below 5 year averages.  For sure there is a downward response to energy because of recession fears lockdowns in China and so on but BIR is a NG producer and right now being almost Debt free in a rising rate enviornment is huge.  The more i look at ...more  
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