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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 efficientmyasson Feb 14, 2016 2:42pm
205 Views
Post# 24557783

RE:RE:RE:RE:RE:BIR's Reserves, CKE's Reserves, BIR's Net Debt ratio

RE:RE:RE:RE:RE:BIR's Reserves, CKE's Reserves, BIR's Net Debt ratioFirst of all, let's not pretend that CKE and BIR are peers.  kind of like a 3rd grade special needs student and a 12th grade honors student wouldn't be considered peers....IMO.

What part of what i said was fabrication?  

That CKE is a high cost producer (almost 2x what it costs BIR/BOE....including all that interest BIR has to pay on their horrifying debt load)?  

that they have  retained earnings of -$600 million?  hint: it's on the balance sheet....near the bottom.

that they are burning through cash at an unhealthy clip (as production falls significantly).  Positive working capital has gone from $75mm to $30mm in the last 12 months and the company's production has gone from 8000 boe/d to a little under 4500 during that period?  

That the company's management are flip floppers?  Did they not spend a bunch  of money to acquire assets in Tunisia, only to sell them (at a substantial loss IIRC) to focus on western canadian assets?


Bullboard Posts