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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 Barkison Oct 13, 2022 10:50am
153 Views
Post# 35022218

Coal To Gas Switching

Coal To Gas Switching... should kick in big time with the relatively cheap natural gas prices vis a vis coal

It is now about 30% cheaper to burn natural gas for electricity vs Illinois and North Appalachia coal
(unless you have a long term contract for coal) - absurd when you think of all the added costs 
and risks of burning coal.

https://www.eia.gov/coal/markets/#tabs-prices-2


Big problems get around with also (unless you operate a natural gas  truck or bus)
Look into US/Europe diesel shortage

https://finance.yahoo.com/news/americans-pay-most-25-years-193811112.html

I
 would not sell here - let those who sold your shares short figure out what the share price should be.
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