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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 Sep 01, 2022 1:31pm
273 Views
Post# 34935931

NG demand

NG demandIf not for Freeport LNG being out of service,  with the US demand for NG because
of power generation,  I would think the price would be closer to US $10.  As we get
into the fall and then winter,  and Freeport gets back on line,  there will be a double
whammy punch for NG prices.  Power generation and winter heating is a pettty 
potent combination unless you don't mind freezing in the dark lol.  As for Europe
who knows how desperate they may become.

Those that are selling BIR today will live tor regret it but for those who are buying
today,  good for them as they will be very happy  in a few months time.
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