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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 Burgersandfrieson Mar 02, 2022 1:58pm
246 Views
Post# 34475868

RE:RE:I strongly

RE:RE:I stronglyI can't imagine what BIR trades at this fall if gas is $4.50 and it's that close to being debt free. I'm not convinced on a buyout unless it's all stock from who ever the buyer is. My understanding is if it's an all stock transaction we don't pay tax until you sell what ever stock you end up with from the acquirer. I'm thinking Jeff wants to see this thru as he's so close to debt free and mountains of cash flow so the deal would have to be amazing.
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