Birchcliff Energy Ltd T.BIR

Alternate Symbol(s): BIREF

Energy Oil & Gas E&P

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

Birchcliff Energy Ltd

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Comment by efficientmyasson Jul 17, 2016 12:58pm

164 Views

Post# 25059862

RE:One more comment on the ECA Gordondale assets purchase

Let’s not be nave. What has been created is either going to be a big success or its opposite, -a big failure. Either way, rest assured, it will be big

But Ferg, this transaction changed the asymmetry of the risk/reward profile in a meaningful way. Risk has decreased materially as post transaction debt is slightly lower on an absolute basis (more so per BOEPD) while cash flow is significantly higher. BIR is now a far less risky investment.

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