Bri-Chem Corp T.BRY

Alternate Symbol(s): BRYFF

Industrials Industrial Distribution

Bri-Chem Corp. is a Canada-based independent wholesale supplier of drilling fluids and chemicals for the oil and gas industry operating from owned or leased warehouses located throughout Canada and the United States. It is engaged in the distribution and blending of oilfield drilling, completion, stimulation, and production of chemical fluids. The Company’s segments include Fluids Distribution Canada, Fluids Distribution USA, Fluids Blending & Packaging Canada, Fluids Blending & Packaging USA, and Other. Its business activity is to provide 24/7 coverage of oilfield chemicals in a variety of weights and clays, loss circulation materials and oil mud products to mud engineering companies who sell directly to drilling firms engaged by the oil and gas companies. Its subsidiaries include Bri-Chem Supply Ltd., Sodium Solutions Inc., Solution Blend Service Ltd., and Bri-Corp USA, Inc. Sodium Solutions Inc. is a fully integrated chemical supplier, toll blender, and packager.

TSX:BRY - Post by User

Bri-Chem Corp

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Post by nozzpackon Jun 30, 2021 7:23am

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Post# 33471939

Natural Gas Prices Highest in Years

Shale gas has nearly tripled since one year ago and is now at $3.59 US.
That is the highest in years...

https://www.nasdaq.com/market-activity/commodities/ng%3Anmx

Like AECO natural gas prices are now above $4 which is also the highest in years.

Years of under capitalization , especially this past year, in both oil and gas, has depleted reserves and production.

And this trend will continue into the foreseeable future, as it will take years to replace thos reserves.

As BRY gets a large portion of its revenues from the US, these very strong gas prices and strong cash flows will lead to increased development Capex..

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Advancing flagship Ishkõday Gold Project in Ontario