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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 sclardaon Feb 21, 2023 5:59pm
140 Views
Post# 35297272

RE:Intervention by Gov't & their cohorts

RE:Intervention by Gov't & their cohorts

Get a grip buddy. Oil and gas prices go up and down all the time. This is because of supply and demand, speculation  and fear such as last year with Ukraine and Russia. High prices lead to more production and less demand so prices drop causing lower production and more demand causing prices to go up again. 

Oil and gas markets have always been volatile and likely always will be. Oil and gas companies had a very good year last year. This year is not looking so good although things can change very fast. The smarter oil and gas companies used last years large profits to pay down  or better yet eliminate debt and now are still doing resonably well even with lower prices for oil and gas. 

For those who cant handle the volatilty and see conspiracies behind every rock oil and gas stocks may not be the sector for you. 
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