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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 Apr 16, 2015 2:12pm
137 Views
Post# 23637245

Re Storage

Re Storage My guess is that the industry will be keen to fill storage straightaway.  Further on into the summer, the opportunity may not be there for the lower prices that we see now. This hiatus from drilling we’ve gone through will definitely show up down the line as if were like some big hole. Besides that, we may see a lag in drilling rigs coming back on line, until such time as prices have risen substantially and confidence truly returns that the higher prices are indeed supported by the fundamentals.  A favorable landscape for our NG stocks. GLTA

P.S. I hope you are noting this turnaround Appleblossoms.
Bullboard Posts