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.

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Birchcliff Energy Ltd

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Post by Barkison Sep 08, 2022 8:23pm

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Post# 34950971

+ Preferreds Probably Will Convert to 7M New Shares (Sep 30)

Preferred shareholders are used to regular income - they are unlikely to sell the new shares south of $20. (Read between the lines of the planned dividend increases).

BIR looks to be spared the redemption cash outlay - Debt Free sooner than we think.

Is a part of you or someone you may know somewhere in this crowd below?