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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 PlutusofCreteon Dec 09, 2021 11:56am
193 Views
Post# 34214780

RE:RE:RE:Hold your shares

RE:RE:RE:Hold your sharesGiven how corrupt I feel markets are...I believe the sell off in Nat Gas is a way to get producers to hedge now in fear of even lower prices. After all the hedging takes place, nat gas prices will continue to move higher and give the banks their share of the profits. If the banks expect lower income from financing (interest charges), they want to participate in the industry through M&A fees and derivative instruments. 

I really think BIR is doing the right thing and just riding it out. We will continue paying debt and better days are on the horizon. 
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