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

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Post by Barkison Jun 26, 2022 4:14pm

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Post# 34783323

BIR's Cash Statistics

.36 / share Free Funds Flow in Q1

Q2 -Free Funds - guess - 90 days @ 3.0M/day = $270M/@$3M/day =$270M/270M shr = ~$1.00 /shr

Looks like about 80% of that is going to paying debt - the rest in share buybacks.

At ~ 8 bucks a BIR share (currenty) we know what the Pref's holders are going to do.

Natgas goes much lower and the threat of higher interest rates disappears - an overall natural hedge if there ever was one. Not need to change direction here IMO.