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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 Jan 17, 2023 12:41pm
225 Views
Post# 35228350

Downgrade

DowngradeTo $13.  OK,  I'll take it.  At these gas prices,  paying down debt will not present a 
problem and neither will their .20/Q divy either.  As for hedges,  now the lack of them
is considered a risk.  What BS.  Their lack of hedges after a steep 30% decline in gas prices is a nice positive IMO.  Where is the analysts comment about Freeport coming
back on line.  Freeport alone will utilize 20% of nat gas production in the US.  Not
impressed with the report or the analyst.
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