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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Post by revxmon Feb 22, 2017 10:54am

265 Views

Post# 25877039

Low cost is an understatement

Something im sure most here know but....
Just a little nugget, BIR.TO all in cost to produce gas is $0.70MCF+/-
2017 50% of production is hedged @ $3.46/MCF. (those are factual numbers, not my personal opinion) Those are nice numbers even if you don't like LNG. If you're short gas then no LNG is not a good bet, i'm long so i have a very different outlook on BIR, when they hit 130,000boe/day the share price will look considerably different than it does in todays market. GLTA.

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