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.

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Birchcliff Energy Ltd > BIR vs TOU

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Comment by Donhowon Nov 03, 2023 12:30pm

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Post# 35716021

RE:RE:BIR vs TOU

From Advantage third quarter:

Marketing Update

Advantage has hedged approximately 19% of its forecast natural gas production for this upcoming winter, 12% for summer 2024, and 5% for winter 2024/25. In order to reduce exposure to AECO Basis volatility, Advantage has 40,000 mmbtu/d of AECO Basis hedged at US $1.19 per mmbtu until the end of 2024.

I think BIR can do better on their gas than AAV.

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