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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 bossuon Dec 05, 2022 3:25pm
315 Views
Post# 35151776

Q1 cash flow /Q4 cash flow

Q1 cash flow /Q4 cash flowJust having a quick look at the one year Nat gas price and the price BIR will generate in the Q4 will be higher than the Q1 

Nat gas pricing going to be higher and projected production also higher.
Bottom line BIR to be ''debt free''

Year 2023 is another storey and nobody can ''forecast the Nat gas throught the year but one thing we all know ''BIR to be'' almost debt free''

Q1 2022 highlights:

 

  • Achieved quarterly average production of 76,024 boe/d, a 1-per-cent increase from Q1 2021; liquids accounted for 20 per cent of Birchcliff's total production in Q1 2022 as compared with 23 per cent in Q1 2021;
  • Generated quarterly adjusted funds flow of $183.7-million, or 69 cents per basic common share 
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