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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

Post by llerrad5on Sep 13, 2021 11:19am
274 Views
Post# 33848462

NG Futures and weather

NG Futures and weatherI know this is not a poplar outllook but it's the one I'm going with to bolster my holdings.
I simply don't beleive NG futures can go straight up from now into November and onwards. I've nevewr seen a market work that way.
I prefer a correction before Nov. and then see a very strong winter.

2) Natural Gas has seen a wild hurricane IDA driven spike trade on the very strong but small storm that threaded the needle on halting Gulf natural gas production but keeping LNG export terminals open. A new tropical system coming into the western Gulf this week has the prospects of doing the exact opposite and could cause a sudden change of fortunes for Natural Gas prices into a sizeable correction.
 
Remember, we are expecting a very mild October which should allow for a healthy injection window ahead. We will be looking to buy Natural Gas on breaks into October ahead of the historic long and cold winter our advanced climate work is forecasting.


 


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