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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 beelzeebuub1on Dec 06, 2023 5:30pm
154 Views
Post# 35771898

RE:RE:good day to buy if you're contrarian ?

RE:RE:good day to buy if you're contrarian ?..yep.. it depends on your entry point..  about 1.3 million extra shares sold short between Nov 15 and Nov 31..   just around the time the buyback normal course issuer thingy kicked in...   because we are moving towards ex divy date my take is the company is buying up what it can right now.. every share it repurchases saves it from having to pay dividends on the cancelled shares..   THe real reason for the correction is that the company isn't hedged and natgas prices are in a trough,. and fell today by over 5%.. HH price today $2.57..down from over 3 bucks when Jeff Tonken gave his recent post earning interview on BNN..   today was a big move down.. no question about it... 
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