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.

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Birchcliff Energy Ltd > 85 RSI as overbought as it gets

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Comment by BOMASon Apr 18, 2022 4:27pm

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Post# 34611267

RE:85 RSI as overbought as it gets

You don't think the extra 15 BCM to Europe will keep prices elevated?

Quote from Apr12 link below:

U.S. LNG exporters are set to make further inroads into supplying European gas markets to offset potential shortfalls that are likely following the Russian invasion of Ukraine. In March 2022, the U.S. agreed to supply an additional 15 billion cubic metres (bcm) of LNG to the European Union in 2022.

https://www.cmegroup.com/articles/2022/lng-freight-markets-signal-rebound-on-us-lng-exports.html

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