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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 TouchDown12on Jan 20, 2022 10:15am
120 Views
Post# 34337074

RE:Unfortunate timing

RE:Unfortunate timingI got a feeling that the shorts are really working the NG Feb. contract (spot) since Monday. However, the data suggests that there is lots of support for $4+ NG going out the rest of the winter. We are only a few cold days in the US from being back below the 5 year avereage in storage levels for this time of year. While some folks might be tempted to throw in the towel on this winter's high NG gas price (+5.00) i don't think it is over yet. We are 1 Texas freeze-up from a major storage drop and it's only Jan. 20. Last year's freeze-up was in Feb. and we had about 8% MORE gas in storage at that time then we do now. Still time to place your bets...LOL...TD12
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