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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

Comment by Oldnaggeron Jun 29, 2021 4:55pm
232 Views
Post# 33467878

RE:RE:RE:RE:As recommended

RE:RE:RE:RE:As recommendedShenty's opinion about PEY on the mark , Both BIR and PEY are similar investments in that they have similar production yields. BIr may have an advantage though due to their crude find. A lot of other metrics are similar but PEY may have an edge once their hedge book disappears due to lower overall costs and their surplus gas plant holdings. Personally I am slowly moving from a position that currently favours BIR to a more balanced position. Based on what the market did today , they may be ahead of me. That has certainly caught me off guard !! Time to dust off the old slide ruler !!
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