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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 > OPEC
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Comment by itsalieon Aug 23, 2022 9:40am
123 Views
Post# 34913736

RE:OPEC

RE:OPEC
retiredcf wrote: This is why the price of oil reversed and headed upwards mid day yesterday. GLTA

Saudi Oil Minister: Cuts may be needed

Saudi Arabian Energy Minister Prince Abdulaziz bin Salman said “extreme” volatility and lack of liquidity mean the futures market is increasingly disconnected from fundamentals and OPEC+ may be forced to cut production. BNN Bloomberg's Tara Weber reports.

https://www.bnnbloomberg.ca/video/saudi-oil-minister-cuts-may-be-needed~2505880



I am not sure how cutting production(lower demand) is good news for cnd oil but the market seems to like it.. 

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