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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 RJboxeron Sep 20, 2023 12:56pm
129 Views
Post# 35645638

Added again

Added againI can't find a better company with torque heading into the 4th quarter.  NG has limited downside, but even a normal winter will move prices higher. Would not be surprised to see HH in the $4-5 range.  Their 5,500 bpd of Condensate production is getting Brent pricing.  They should be able to cover their divvy through FCF in the 4th quarter.  The shorts are packed in here and will need to come out at some point.

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