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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 checkupon Jan 19, 2023 4:46pm
362 Views
Post# 35234292

RE:RE:So.......

RE:RE:So.......BIR dividend yield was .92% based on a $9.00 share price. With a 9% dividend yield the share price will naturally increase likely up to its 52 week high of $12.24, IMO.  There is currently an apparent glut of natural gas on the market due to lack/reduced LNG egress and warmer winter weather. That will resolve soon within the next 6 months.  The oil market will stay solid as China opens and SPRs are replaced.  Demand will stay above supply likely for oil.  BIR is a solid investment here and in the future.
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