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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 AlwaysLong683on Jan 03, 2023 4:30pm
207 Views
Post# 35201547

RE:RE:RE:RE:RE:RE:RE:Crashed

RE:RE:RE:RE:RE:RE:RE:Crashed Interesting discussion.

Seems like last year when the money was flowing in, many O&G E&P companies focused on debt reduction (which was prudent) and dishing out dividends, but did they miss the hedging opportunity? How much of forward production did each company hedge when O&G prices were at multi-year highs....?

Page 4 of  BIR November 2022 Slide Presentation:

"No fixed price commodity hedges"

So BIR is completely unhedged going into 2023, or am I missing something....?


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