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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 fishcarrieron Aug 30, 2022 1:51pm
179 Views
Post# 34930125

RE:RE:RE:Correction

RE:RE:RE:CorrectionI think not to worry. BIR tends to be quite volatile. Perhaps because they don't hedge, everyone panics now that gas dropped below $9 for a few hours. They are still making a ton of money. BIR was way up earlier to 12.32, so a drop is not unreasonable. But the drop today is excessive, imo. For example it dropped 3x what TOU  did in % terms.It will bounce back, I believe. 
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