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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 nhellofaguyon Jan 05, 2024 11:06am
177 Views
Post# 35812405

RE:RE:Hedged/Unhedged doesn't make a difference

RE:RE:Hedged/Unhedged doesn't make a differenceI had Hope, no longer.  I cut my losses and sold.  Jeff T really screwed up.  My mistake, taking his word.  New CEO will be hatchet man to the dividend.  Jan 17 will be announced that it is cut in half.  They need $ 3.00 to sustain (eg breakeven), do not see that happenning this year.  They should also hedge to some degree.

Anyhow if you still have Hope, let me tell you about Hope.  When I was a kid and visited my grandfather dying of cancer, he was in palliative care.  He said, son there is always Hope, and I said grandpa what do you mean, he said, the nurse Hope, who gives me the sponge bath.  Meaning wait any longer and you are about to get a sponge bath.
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