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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 Jan 20, 2022 8:49am
187 Views
Post# 34336629

RE:Debt free in 23

RE:Debt free in 23Well if everyone will be debt free....perhaps the next round of consolidation/M&A activity will start at that point. I still believe in the possibility of TOU picking up BIR. 

Mike Rose and Jeff Tonken have collaborated on initiatives in the past. Makes sense that they could come to an agreement for a takeover at some point. BIR would make a good low cost bolt on for TOU. 

I have built up such an overweight position on BIR since 2017...I can't let it go. I just have to believe that the great days are ahead of us. The divy will come and hopefully the $15+ SP. 
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