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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 Mar 24, 2015 11:42pm
199 Views
Post# 23557802

RE:RE:news

RE:RE:newsGreat to see your post Ferret.
The NG hedging last year (I think 35% of production) would definitely have helped the 2014 bottom line). Today though it would be suicide to hedge NG at these prices especially with the rig count coming off as it is. Given a hot summer however, it might impact the forwards favorably and so BIR may get their chance to establish hedges down the line.  Same goes for the light oil. But  it would have been nice to have been hedged in both NG and oil through this winter.  Of course, “hindsight is 20/20 vision”. Having the opportunity to hedge at a good price does give one flexibility but it comes with its own  set of risks 
The falling rig count is bullish for NG companies.  Given the Saudi news today, - their tactic to push more crude  supply into global markets to hamstring Iran will push the rig count lower unless there is some development to change that policy. It will put a bid under NG long before we see the WTI price move up.   

Bullboard Posts