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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 dandu1924on Dec 12, 2023 4:56pm
186 Views
Post# 35780878

RE:Shut down ALL the rigs

RE:Shut down ALL the rigsbut until there, BIR can going down down and down, and if you look the NG chart before 2020, the price was +or- the same like today and the BIR share price was around $3.50.  So  we need a miracle to stay flat or higher  and with the new debt level of BIR, not nice. At the same time last year BIR was almost debt free but now they are back with a new high debt level, not good at all and you can see the drop  of BIR  from $9.50  to  $5.91, not nice to look and with their  .80 dividend. 
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