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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 robert41on Mar 16, 2023 9:48am
284 Views
Post# 35342148

Failed mgmt

Failed mgmtThey had the chance to protect the company and they didn't....I'm a shareholder and I'm so disappointed I've done well with Bir but mgmt has failed miserably in the last 6 months the big divi is a mistake the no hedging to protect what they had achieved being un hedged was a mistake. Now you are completely reliant on high gas prices hedging would have allowed you to buy back cheap stock and move the company forward in tougher times even pay down some debt.. they blew it. Hope I'm wrong but I don't see it any other way for now
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