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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 Barkison Feb 01, 2022 12:41pm
185 Views
Post# 34385809

RE:RE:Brrrrrrrr - chcliff

RE:RE:Brrrrrrrr - chcliff Short lived small paydays?

Short lived - yes, maybe.

But if gas were to spike to $10 US then BIR would making somewhere in the neigbourhound
of $5M/day on thier gas alone. They would not need many of those to make a difference. Hedge producers

These short lived spikes can on for weeks or months until things are resolved and these spikes usually are a bullidh signal for long term prices - unless somethings changes in production or consumption. The rest of the world is paying multiples of what we pay for gas. What are all the industries that need gas as a input to thier product supposed to do? -  move thier production back here? I say sit tight one this until the big boys sort out the international problems. Don't listen to Shenty - he is the devil. I recognize him from a past dog life.






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