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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 Oldnaggeron Jan 17, 2024 2:44am
202 Views
Post# 35830561

RE:I guess ignorance IS bliss......

RE:I guess ignorance IS bliss......

If Ignorance is bliss, then facts must be misery.
So here is some pain for you , LOL
Firstly , the price of nat gas under the February contract has absolutely nothing to do with the purported political success of Donald Trump in a Republican primary race.
Second , Nat gas inventories are well on their way to equaling the 5 year average.With enduring low temperatures and accumulated production losses due to freeze -offs , that event could arrive as early as January 21.
The price of the February contract is set by both speculative and physical market interests . Usually as a near term Contract rolls up then , just before expiry , physical play will predominate since remaining open contracts wii be served notices to either take or make delivery.
Here are the predictions for a 100 BCF surplus by Jan 21


https://docs.google.com/spreadsheets/d/e/2PACX-1vQusZUG4i4NYugBCjfO4frvffKJLaGv59SCZgGOTaQqtZLvPtYnTv5BvXMQboQY90oTdUHP_OaPtccP/pubchart?oid=18210885&format=image


Note the Celsiusenergy projections have not been adjusted for freeze-offs, which have been calculated as running at 14.9 BCF per day for at least a week now

https://boereport.com/2024/01/16/us-natural-gas-demand-eyes-record-as-arctic-blast-dents-output/

L
astly , Mrmomo has stated that he is an owner of Birchcliff shares , thus I am sure he will be more than delighted to join us all in our upcoming misery and ignorance

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