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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
Comment by fergus2on Nov 28, 2014 12:03pm
134 Views
Post# 23174141

RE:RE:Dreary Day

RE:RE:Dreary DayI would agree Specboy, 1. One thing for sure is that we should see less “associated NG production” at least until rising NGL’s prices warrant a response to drill more. And that restraint will start today in the form of less financing for drilling, especially so in the early phases of this recent seismic oil shift as a lot of uneconomic production will be quickly removed from the market. 2. And now that oil stands before us naked, (free of supports) we’ll get a true measure of its “stand alone” value. But I’m quite sure it will not be long before the price will be perceived as being too low. It is without doubt the proverbial offer made to the global economy that it cannot and will not refuse. 3. What energy companies will this new price environment serve best? Very likely NG companies and within that group ones like Birchcliff that have been careful not to pull too hard on their wells in the early producing days so as to flatten out their yield curve to ensure much longer well life. Birchcliff builds for the long term and aims increase shareholder value.
Bullboard Posts