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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 Barkison Sep 13, 2021 12:08pm
244 Views
Post# 33848744

RE:NG Futures and weather

RE:NG Futures and weatherI'm not an expert but I think the new storm will probably not be strong enough to do any much to
the LNG producers and exports on the gulf. It will however probably close in a bit more gas and oil
production on the texas side of the gulf and if there are any power outages the natural gas processing plants inland (the ones that clean and prepare the raw gas) will probably go down for a while. To my knowledge the big LNG plants have on-site power generation and have were built recently and are pretty robust.

They sold to call many options on this thing. It will move when the holders of the options want it to.
It is a good opportunity to accumlate. 

This company has not hedged their production and is pulling in a lot of money. As far as I can see
they have a few contracts to get the NyMex gas price less a buck or so. Look it up yourself - it;s in their financials. DYODD - I may be missing something.

G.L.


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