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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.


TSX:BIR - Post by User

Birchcliff Energy Ltd > Revised Outlook
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Comment by Billybabin61on Mar 15, 2023 9:16pm
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Post# 35341523

RE:Revised Outlook

RE:Revised OutlookThis shouldn't be a shock to the market, Tonkin said he would do exactly this if NG prices tanked. Now it has materialized. I believe it would have gotten beat up more if they would have slashed the div. I imagine there will be many more O&G companies trimming capex or delaying it like BIR.
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