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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 Barkison Oct 19, 2022 1:41am
163 Views
Post# 35033009

RE:RE:RE:RE:RE:RE:Down

RE:RE:RE:RE:RE:RE:DownBossu

I know it sounds scary when he quotes those lowball bids
but Plutus's buying strategy is a valid one.
BIR is a volitile stock and you have to take that into account
if you are building a position i.e dollar cost averaging.

The volatlity should subside now that a greater percentage
of the cashflow is going to shareholders. I think stock is
trying to find it's footing now but I think they are selling it
down too low. Dividends at .80/ year should make this
$15 stock in a few weeks or months IMO (if natural gas
stays at $6US). They should to be able to easily pay the
.80/year  with that gas price and have money left over.
When the market sees that clearly  that then the share
price should go up.

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