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Birchcliff Energy Ltd T.BIR

Alternate Symbol(s):  BIREF

Energy Oil & Gas E&P
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

Birchcliff Energy Ltd > Birchcliff Gas Revenue
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Comment by Barkison Jan 31, 2022 12:52am
191 Views
Post# 34377325

RE:RE:RE:Birchcliff Gas Revenue

RE:RE:RE:Birchcliff Gas RevenueHi Robert

Here is a link to the Chicago Mercantile Exhange - HH Natural Gas

I think this is the exchange they would need to get someone to sell HH contracts on to get a guaranteed price on some  of their US destined gas.

If tonights prices hold they shoulld be able to get a guaranteed price of $4.80 - $5.00 US on thier
2022 early 2023 production. After spring 2023 prices look more look more  iffy.

The downside of the hedge would be if prices spike to an incredible number (as has oft happened in the past) and the would end up with MASSIVE hedging loses to show for it on their finacials.


https://www.cmegroup.com/markets/energy/natural-gas/natural-gas.quotes.html


The rest of the world and parts of NA are paying many multiples of what we pay for gas. 
Something has to give since gas is integral to modern life and it's price is a big factor in the eventual price of everything else (i.s. fertilizer, food, electricity, aluminum ..

I would hope that BIR waits until the international market stuff gets cleared up first. 

Here is one for the shorts ....sleep tight 

Next time try shorting bananas or something less critical to life.

https://www.youtube.com/watch?v=lvBOZCrJsAI


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