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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 AlwaysLong683on Jan 23, 2023 10:33pm
275 Views
Post# 35241381

RE:RE:I Think BIR Management Executed Very Well Until....

RE:RE:I Think BIR Management Executed Very Well Until....Might as well toss in TOU's Hedging Strategy as well:

Since July 1, 2022, Tourmaline has continued to strategically enter into additional commodity hedges. Approximately 26% of 2023 average production is now hedged at a weighted average fixed price of CAD $5.26/mcf. Additionally, for this time frame, the Company has 110 mmcfpd of natural gas hedged at a basis to NYMEX of USD $0.12/mcf.
 
Since July 1, 2022, Tourmaline has continued to capitalize on strong LNG prices and has entered into an additional 20 mmcfpd of JKM hedges for April to October 2023, and 20 mmcfpd for April to October 2024. This provides fixed price protection on a portion of Tourmaline’s 140 mmcfpd Gulf Coast LNG deal which commences on January 1, 2023. The 2023 JKM strip price was $50.46 US/mmbtu as of September 6, 2022


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