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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 robert41on Dec 09, 2021 9:36pm
147 Views
Post# 34216993

RE:RE:RE:RE:RE:Hold your shares

RE:RE:RE:RE:RE:Hold your sharesJeff should have hedged some just good to safe rather than sorry. Yes it was a good move as gas moved to 6 bucks but not taking advantage of it now looks to be a mistake we may get a short term bump if it gets cold, Winter is a 3 month story markets look further out. Not all producers are holding firm on not increasing production. Bir would have been debt free by end of Q2 or 3 2022. Given the buy backs that have no effect on the market but take money away from paying the debt and saving on interest payments and the goofy divi raise I'm becoming a little nervous about Bir. If gas doesn't tank and holds around $4 then Bir is still a nice cash machine just no where near what it could have been hedged at $5.50 plus. 
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