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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

Post by AboveBoardon May 05, 2022 11:56am
278 Views
Post# 34658833

Paying down debt

Paying down debt

In these uncertain times, paying down debt is imo, the intelligent approach.  Birch management is taking that debt reduction path.  You sleep better and can keep the lights on.  As interest rates appreciate along with inflation, it is imperative to minimize costs.  Will my crystal ball prediction about natural gas and oil be correct?  Will there be a significant pullback?  It may not occur now but it could occur before year end.  We will have to see.  

btw, for those interested about  Stats...the media has somehow ignored this...
https://twitter.com/YakkStack/status/1521974759700910082

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