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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 Oct 19, 2022 12:11pm
203 Views
Post# 35033877

Totally Frustrated

Totally FrustratedWith this stock.  So close to being debt free and decared special dividend all to
no avail.  Now are these the wrong moves are not.? I don't think they are but let's
be fair.  Nat gas has gone straight down since BIR hit the $12.  The nat gas narrative
that was going around a few months back has suddenly disappeared.  There was
supposed to be a massive demand which supply could not handle and winter was
going to drive it to the stratoshphere.  That whole narrative has gone sour and BIR
being unhedged is looking vulnerable.  I haven't given up on it yet because its
done all the right things.  Just have to hope and pray that we do get winter.
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