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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, 2017 8:08am
144 Views
Post# 26024483

RE:RE;RE;RE What to do now with BIR

RE:RE;RE;RE What to do now with BIRExcellent post Ramman1. Clear signs this company is on the move and approaching critical mass, -at least for those who can see it and haven’t been jaded by this recent horrible downturn. No doubt Sayed speaks to Birchcliff’s 54 cent one day gain. A tempting trade for some, but that does not include me. But if it returns to the 6.70’s, I’ll be buying.

Now there are other aspects to Charlie Lake that should not go unmentioned. It makes Birchcliff an even gassier pure play. Management is positioning the company to where they think the real money is. One must also consider Birchcliff’s added merit should the Gordondale sour gas plant get folded in. In that position, the company would be quite the tomato for an acquirer.  But even if that doesn’t come to fruition things look positively hunky dory.

As to what the storage inventories portend, just a general comment. While in a period of NG abundance it seems as if the purgatory never ends (2015-to spring 2017). But I assure you when the needle slips over to the other side (deficit) (and we’re close) purgatory becomes heaven. So sharpen up your battle axes and practice the figure eight. For those who don’t know it a battle axe is swung in a figure eight pattern. Have some fun!  GLTA
Bullboard Posts