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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 LNGStrongon Oct 28, 2020 4:29pm
126 Views
Post# 31797603

RE:RE:RE:RE:55.35% of gulf gas production shut in

RE:RE:RE:RE:55.35% of gulf gas production shut inBow Tie might only be right out of luck.  Wild card in the mix is Libya back on.. without that unexpected supply things would be back at $40.  Hurricanes worked for temprorarily relief but that season is over.. covid's clamping down again as well.  

Bow Tie went might be right with WTI dropping back to mid-30's but all of his clients that took his advice are sitting on cash meanwhile SP's like BIR are still sitting 60% higher than mid-summer pricing when he first started talking about a second wave ... in the middle of driving season! 

fingers x'd for good gas #'s tmw morning.  Next week will hopefully stabilize with either a red or blue win.
Bullboard Posts