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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 marketsenseon Aug 30, 2022 11:19am
215 Views
Post# 34929626

Correction

CorrectionNot an unhealthy move IMO.  Markets need consildation and corrections from time to time in order to set the stage for what I believe is higher prices later.  The energy crisis
is not over by any means but the volatility tends to create panic among many investors
so you get an overreaction.  The demand for NG has not disappeared despite a sudden
drop in price.  An opportunity to reload if you sold or add if you can.
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