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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

Post by Oldnaggeron Jan 20, 2022 8:14am
208 Views
Post# 34336498

Debt free in 23

Debt free in 23Sounds good, except many of its competitors such as NVA , PIPE and Maybe even CR will also be about the same time. The difference however is that those companies will also experience significant  production growth. So what's their secret ? Easy, payouts on drilling that are significantly shorter than 12 months. You can have your cake and eat it too !!
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