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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 RichyRich$on Mar 26, 2020 3:09pm
200 Views
Post# 30850528

Is Birchcliffe Planning to Sell NG Only Through AECO in Futu

Is Birchcliffe Planning to Sell NG Only Through AECO in FutuWith Birchcliffe being 75% NG and 25% Light Oil. Does anyone know when their U.S. NG Hedges expire? With AECO NG they should be selling their NG all through AECO in Alberta and let any U.S. Hub Hedges expire. AECO NG has been holding extremely high between $1.90 to $2.90 for the past 6 months and forecasted to stay high due to more favorable storage. And that should hold it up until the LNG Pipelines are built! This seems like a safe bet as it's not going to be affected by the OPEC Oil war. Natural Gas is it's own beast. And if we have a hot summer... should have a summer rally with hydro for AC.
Bullboard Posts