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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 marketsenseon Aug 10, 2022 9:45pm
209 Views
Post# 34887024

RE:RE:RE:Debt repayment

RE:RE:RE:Debt repaymentAgree as well.  NG will be in demand no matter what happens.  Winter is coming
soon enough and I doubt people will be cutting back on NG because of a recession.
The situation in Europe is not going away although it has only a slight effect on
NA gas prices in  NA but nevertheless,  LNG exports will be going full out by then with
Freeport LNG back in service.  Just too many positives factors for NG demand 
to ignore IMO.

Now as for BIR,  I think the market is waking up to this name.  The unhedged
production in combination with continued debt reduction is a powerful catalyst going forward which deserves a much higher multiple and market recognition.
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