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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 > Opec cuts. Monday could be interesting
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Comment by AboveBoardon Apr 26, 2023 7:19pm
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Post# 35415869

RE:RE:Opec cuts. Monday could be interesting

RE:RE:Opec cuts. Monday could be interesting

AboveBoard wrote:

Why are they cutting?  Demand down...interesting.  What happens now?  Non OPEC increases production?  Then what happens?  Interesting. Oil up $5.  Will oil keep rising further?  Will the price drift down after the initial shock?  Will OPEC nations cheat on production?  Fun/sad times coming?  

https://www.reuters.com/business/energy/sarabia-other-opec-producers-announce-voluntary-oil-output-cuts-2023-04-02/


Will the price drift down?  

Oil prices have erased all their gains since the Organization of the Petroleum Exporting Countries (OPEC) and producer allies such as Russia, known collectively as OPEC+, announced in early April an additional output reduction until the end of the year.

recession fears...
https://www.reuters.com/business/energy/oil-prices-rise-us-crude-fuel-stock-draws-2023-04-26/

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