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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 Oct 07, 2021 12:14pm
193 Views
Post# 33982569

RE:RE:RE:New short report

RE:RE:RE:New short report They are probably short term market tacticians who have some sort of long/short strategy in the energy markets or markets overall. They also probably have second jobs walk the high wire in the circus.

Re: BIR. I think the vice gets turned slowly one way and then the other while everyone watches for the first sign of discomfort. IMO I think we are seeing some significant gas to coal switching in the US power plants. One we get thru the moderate fall weather the story changes for N/A gas price. If the price of US coal spikes then N/A gas shorts will have to exit their positions. Judging by the last spike in US coal in 2012 the US have the capacity to double thier coal exports. The international price of steam coal is around $240 US (4 to 20 times the US internal markets price). 

If the energy markets don't stabilize outside N/A we may be looking at more lockdowns.

Also, well below average temperatures will begin spreading easttward from west coast early next week.


https://tradingeconomics.com/united-states/exports-of-coal

https://www.zerohedge.com/commodities/us-desperate-coal-miners-meet-soaring-global-demand

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