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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.


TSX:BIR - Post by User

Birchcliff Energy Ltd > So.......
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Comment by MikeySwooshon Jan 20, 2023 8:24pm
137 Views
Post# 35236852

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

RE:RE:RE:RE:RE:So.......
bossu wrote: Easy answer:
3  years ago Bir had a $ 900 M debt and at December 30 2022  less than $ 50 M to $70 M
So financial position in very good shape compare of many other mid size oil and gas producers.
Enjoy the moment and be prepare to market volatility .

Just so we're using FACTS...YE 2023 is forecast to be $50 - $70M in debt. YE 2022 was ~ $150M.

Great achievement on debt reduction regardless.
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