Birchcliff Energy Ltd T.BIR

A note from Peyto about Nat Gas

[bossu]

From PEYTO FR this morning!

''2023 Outlook

Despite recent lower seasonal prices, the long term outlook for natural gas remains positive as the world looks to secure safe, reliable, and affordable sources of energy that is responsibly developed. Peyto is well positioned to provide that supply with a 24 year proven track record of low cost, profitable returns to shareholders from the Company's low emissions intensity core assets in the Deep Basin.

[PlutusofCrete]

hopefully the long-term outlook is positive....I fear Russia will sell to our potential Asian buyers.  Too bad LNG Canada is meant to sell to the Asians. US will sell to Europe.  We will be left competing with Russia and Middle East for Asian customers. 

[bossu]

Transportation to Japan is 10 days and more than double from the US Altagas is already selling LPG and in 18 months or so NGL will be sold in Japan/ Korea from the new NGL plan in contruction near Vancouver. Great fitur for Canada NAT Gas. Bir will participate from this huge demand ! Patience is the name of the game. and BIR has a very low long term debt compare to most of the nat gas producer.