Birchcliff Energy Ltd T.BIR

BIR - Discussed on Shubham's Canadian Oil & Gas Q3 Preview

[PlutusofCrete]

https://www.youtube.com/watch?v=eUo7HoG_V2Q

BIR starts at 25:48. 

Key Points:

74k BOED, below budget

top tier gas marketing

8 year PDP and 36 year 2P Reserve

Completely unhegded

Will they hunt or be hunted?

What do you guys thinks of his comments?

[Oldnagger]

The interesting one for me is his concern over the extended 2P reserve life. His concern was that the quality of the reserves may be lacking. Anyone have a feel on that ?

[andy604]

Birchcliff Energy (OTCPK:BIREF) said it expects to report Q3 production of 78K boe/day, increasing to 81K-83K boe/day in Q4, and an additional $80M to its FY 2022 F&D capital budget, which will raise full-year capex to $355M-$365M.

[bossu]

Look to me a good answer to Pluto. Production to be according to Jeff and between 78 to 80 BPE and 81 to 82 in the Q4 is fair, 2P reserve  at 36 years is outstanding and this was a number I was looking for 

[marketsense]

At 36 yrs of reserves and the demand for nat gas going out into the future plus being close to debt free means they are in one of the best positions to capitilize on a stronger ng market.  This is a stock one can keep in their porfolio for many years if it lasts that long before being taken out IMO.  Once LNG in Canada gets  up and running,  we will get access to world markets.

[PlutusofCrete]

Glad to see BIR going up and not down this morning.

[canasol44]

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