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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 Feb 16, 2023 7:45am
360 Views
Post# 35289234

Warren Buffett

Warren BuffettWould be very proud of Jeff if Berkshire was the 100% owner of BIR.Jeff was wise to roll the dice and not hedge any production over the past two yrs and plunge the record profits to reduce nearly all the debt.That in turn has made BIR one of the best balance sheets in the Canadian energy space,Jeff has also confirmed the staggering near 10% div for 2023 by cutting capex if needed.Many gas well in Canada and the US have started to shut in production rather than sell NG below the cost of production and that sets up a recovery in the price of NG starting this cooling season.The climate is entering a El Ninio roll over from 3 yrs of La Nina.La Nina is causes cool summers as a rule but the past 3 summers were the hottest on record.El Ninio causes hotter summers and is expected by April.Conclusion a BARN BURING HOT summer is near with record NG cooling demand at the very time NG well are shutting in.What does this mean for BIR and its King balance sheet levered to the rising summer record NG demand.A rising stock price to once again capture the NG price recovery? But this time  no debt load to use profits to service so shareholders will get special div payouts.BIR IS A SCREAMING BUY
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