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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 goldenriviton Jan 21, 2023 8:43am
278 Views
Post# 35237158

Lot of upgrades

Lot of upgradesI think it was brilliant posting a 9% div at the bottom of the gas market.Its only a matter of when the gas price will recover and China energy demand is going to soar in 2023 putting more cash flow to debt free BIR with possible increases to the DIV.I expect a quick run to RBC target of $14 over the next few months
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