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Birchcliff Energy Ltd T.BIR

Alternate Symbol(s):  BIREF

Birchcliff Energy Ltd. is a Canada-based intermediate oil and natural gas company. The Company is engaged in the exploration for and the development, production and acquisition of oil and gas reserves in Western Canada. The Company’s operations are focused on the Montney/Doig Resource Play in Alberta. Its operations are concentrated in the Peace River Arch area of Alberta. The Company has a 100% working 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. Its Pouce Coupe Gas Plant, which is licensed to process up to 340 million cubic feet per day (MMcf/d) of natural gas, is located in the heart of the Corporation's Montney/Doig Resource Play.


TSX:BIR - Post by User

Bullboard Posts
Post by fergus2on Mar 14, 2013 1:06pm
214 Views
Post# 21130327

bir eca

bir eca

 Todays stats confirm we are rapidly moving to undersupply in North America as far as natgas is concerned. By the end of the month, given that we have a little luck on our hands weather wise (I mean cooler weather than last year in the lower 48, we will see storage the same as  as or below the 5 yr avge. Now that means the glut is gone and remember  we are talking a single market more or less for natgas. This land rush that we witnessedin the last couple of years bent most players like Chesapeake, ECA etc right out of shape.It's amazing that fear of losing market share could make so many of these companies operate with herd mentality. Perhaps now that we're going down the other side of the mountain now we will get the opportunity to judge the merits to the argument that shale wells are long term producers or if they are morning glories that  mostly flare out in 18 months. This run in the spot   price may have some legs as many many companies are endeavouring to repair their balance sheets from the acreage rush of the last 2 years.   Besides, it's fairly obvious no one is making money in dry gas at these prices and I can't see the rig count going up until it is more obvious that money can be made in drilling for it. There are probably lots of completions required in the Bakken for natgas that is currently being flared so in fairness it is a possibility that completions in the  Bakken might dampen the recovery but I wonder. The $1.90 low point at the Henry Hubb was probably a generational low and nat gas and the companies involvrd like bir seem to me to have a great futre before them!!!!    

Bullboard Posts