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.

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Birchcliff Energy Ltd

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Post by AboveBoardon Jan 22, 2023 5:50pm

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Post# 35238817

This week.

Birch management attacked the debt. Many, who did not agree, are seeing the reason why management took this route.

this week the Canadian Bank of Canada makes an interest rate announcement.

lots of people are struggling. What could possibly be around the corner?
In the USA...
https://oilprice.com/Energy/Energy-General/Americans-Are-Struggling-To-Pay-Car-Loans.html

Severely delinquent car loans are reaching the highest rate since the financial crisis of 2009.
Cox Automotive: loans delinquent by more than two months increased by 5.3% and jumped 26.7% from a year ago.
Cox Automotive said even though an increasing amount of people are missing loan payments -- this has yet to manifest into defaults