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 > There is always 2 sides.

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Comment by Barkison Apr 21, 2022 7:37pm

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Post# 34622300

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:There is always 2 sides.

Here is a chart from the EIA on long term industrial consumprion of natural gas (monthly)

GFC (2008) & Covid (2020) slowdowns are clearly visible - looks like a 10% hit to consumption in each case.

Long term trend is still up.

https://www.eia.gov/dnav/ng/hist/n3035us2M.htm

Here is the chart for gas fired electrical power consumption.
Similar but a slightly bigger hit I would say.

https://www.eia.gov/dnav/ng/hist/n3045us2m.htm

Given a choice I think the US is going to try to keep a lid on oil prices since that is a politically
sensitive issue - natural gas not so much - especially now that winter is over and people will
be none the wiser if natural gas goes up - except for managble jump in thier electricity bill for many - just a hunch.

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