Birchcliff Energy Ltd T.BIR

Alternate Symbol(s): BIREF

Energy Oil & Gas E&P

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

Birchcliff Energy Ltd > Another 100K bought back @ 6.20

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Comment by PlutusofCreteon Sep 14, 2021 5:52pm

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Post# 33859218

RE:RE:Another 100K bought back @ 6.20

The buybacks will stop on Sept 20. This is all to support the price for index inclusion.

I will be shocked if I see a buyback after this date.

I don't believe the share price would be over $6 right now if BIR was not buying back and supporting the price in the $4.30 range. Debt reduction will be coming looking forward to the November update.

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