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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 Potadvisor1on Jan 18, 2024 12:03pm
242 Views
Post# 35833787

Reality is seeing a NEW year low and looks like

Reality is seeing a NEW year low and looks likethis could be heading to the 3 year low in the 2 dollar range. By what I see happening to the share price, investors are and have spoken. Tons on NG available, weather was warmer above average unti early Jan 24, and looks like the two week cold spell is over and warmer weather comming next week.
The new CEO siad they did NOT hedge last year and I can't believe companies like this and CR did not hedge at least 60% when NG hit 9 dollars. Now that is when I say a grade 2 surtdent could have ran these companies better than they did. LOL Unfreakenbelievable. 
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