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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 bossuon Jan 18, 2023 12:58pm
143 Views
Post# 35230952

RE:RE:RE:Nat Gas price

RE:RE:RE:Nat Gas priceFunex4t 
I love tour storey because I have been part of the early investors in BIR .
I still beleive in the storey because Jeff and his team have done an excellent job!
Bir is now almost debt free where not long ago long term debt was at $ 700 M plus and bankers had them on the watch list .Just thinking about where Bir come from and where they are heading . going forward !
Guidance at 81/83000 BOE and F&D Capital Expenditures at 240/ 270 M and free fund flow at 585/615 M.
However commodity prices is the catch and nobody know what is going to be the price during 2023.
We just have to be ''aware''that the ''game''is  tighter with gas stock than oil price but Bir has a 20 % revenues from oil .
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