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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 liljohnnyjokeon Dec 07, 2023 12:17pm
189 Views
Post# 35773209

NG prices dipped below $2.50 today

NG prices dipped below $2.50 todayand that was after a larger than expected draw? maybe the NY hedge fund shorts are now setting sights on dragging it down to $2?, this weekend is supposed to be mid teens °C in eastern US and then above seasonal through a green Christmas. At some point in Jan/Feb there will be a prolonged polar vortex deep freeze or two where they will run the NG price up +$4 and be pounding the table to go long in to shoulder season when they will take it back down to $2ish again. If NG prices do spike in Jan/Feb i hope it doesnt make BIR think those prices are sustainable and keep the dividend, only to be borrowing money again for divy payout when NG tanks again
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