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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 15, 2013 9:59am
141 Views
Post# 21134568

bir eca

bir eca

I do not think the industry will respond to the rising nat gas price save for associated nat gas  hookups in plays like the Bakken.When I look at those graphs published by the EIA each  Thursday  the only areas I see where they are growing production in these shale plays are in the Eagle Ford and the Marcellus.  There is momentum in this run up in nat ga prices from 1.90 at Henry Hubb last year  and I think it can keep going. I keep talking lower 48 but you realize our markets are connected. Yeah Bir is in a sweet spot with their  production fairway in the Monteny so close to Progress.And it's hard not to like their acreage as it's compact and all together not in Greenland or the Sudan if you get my drift. And to think that somebody from Calgary said last year that they were , unfortunately,  out of reach of most of the so called natgas markets. What a difference a year can make. ECA has upside because it's a more liquid play for the funds but it is likely facing  litigation  along with Chesapeake  which is somewhat of a cloud.  BUt they are also far flung in their assets and building LNG capacity aqnd that makes them capital intensive    No I kinda like BIR. I think it can swing both ways (LNG or standard markets for their gas. But I won't sleep well at night until I hear the Keystone is approved. A rising tide lifts all boats and thatswhat our oilpatch needs right now.I've agonized over this problem wondering which way it will go. But I would give it a nose victory over its opponents. But remember this pipline isn't just about Canada'a oil. They are having problems moving the crude out of the Bakken too. So in the end I think cooler heads will prevail or shall I say economic sanity will prevail. But in the meantime you best pray for the pipeline.

Bullboard Posts