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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 Sudirman2on Mar 30, 2023 11:58am
100 Views
Post# 35369362

RE:Not just Gas

RE:Not just GasHave to disagree. They are about as gassy as it comes in this space at 81%. Crude/condy at 9% and lower priced NGL's at 10%. 

 If you think Oil is a better play , might suggest a rotation into a more oil weighted stock.  

My real concern is their complete lack of risk management.  Who slaps on a massive dividend (fixed for the most part) on a variable underlying natgas price?  Risk management a la SVB. 

 Hope I am wrong for all involved, but have trouble seeing how the divy stays intact with out taking on debt. A cut would likely cause havoc in the SP.
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