Birchcliff Energy Ltd T.BIR

Alternate Symbol(s): BIREF

Energy Oil & Gas E&P

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.

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Comment by gonatgasgoon Dec 13, 2022 3:35pm

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Post# 35169325

RE:RE:RE:RE:RE:RE:Question

Thank you Billy

Billybabin61 wrote: No offence taken. My take on BIR is that it is caught up like all of the other O&G comapnies presently because of the volatility of the commodities. Almost all companies who produce gas end up producing some liquids as well, whether it is pure oil or it is NGL's . Historically, a small % of liquids produced provides a much larger relative % of the company's revenues and cash flows as liquids are much more valuable on a per-boe basis compared to gas.

This explains why NG companies can get hit despite natural gas being up and crude oil being down. In general terms, the market paints all O&G companies with the same brush and unless there are significant differences between oil pricing and gas pricing, more than we have now, companies are likely to trade in tandem despite some being mostly oil and some being mostly natural gas.

BIR has several things going for it as everyone knows including and not limitied to the best pricing markets, not hedged, we are going into the coldest months of the year, low debt, evidence of a special dividend, upcoming bump in payout, etc, etc and the CEO has bought up almost $200 k of BIR just this month. I have bought more today on the weakness.