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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 fishcarrieron Sep 15, 2022 1:22pm
162 Views
Post# 34964843

Fluctuation

Fluctuationin NG prices, were apparently occasioned by the impending railroad strike that isn't going to happen now it seems. A strike would cripple coal transportation, resulting in using NG instead. Hence the earlier up and now the down. 

All the same, I wouldn't be a bit surprised that when BIR next announces Q3 results in November they will be able to announce debt at zero. That may not lead to a divvy increase until next year, but it should give the stock a  big lift. That's just mho....

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