Birchcliff Energy Ltd T.BIR

Alternate Symbol(s): BIREF

Energy Oil & Gas E&P

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.

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Birchcliff Energy Ltd > From BNN Bloomberg

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Comment by Sugareeon Jan 19, 2024 6:17pm

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Post# 35836782

RE:RE:RE:RE:RE:From BNN Bloomberg

Sorry, wrong board.

Sugaree wrote: Pablo, I know HP loves KEL, I see you post a bunch here as well. I have been looking around the space to get my feet wet after being out of O&G for a couple months now. Kinda glad I waited out the week.

Do you like KEL at these prices $5.30 or so? My concern is a falling knife but nobody can time a bottom.

PabloLafortune wrote: Even when activity based costing dictates not to drill complete and tie in, US producers still do because they have these in the money hedges in their back pocket to stabilize cashflow. Which means it takes a lot longer for oversupply to correct itself. Exacerbated by associated gas which is constantly growing.

So not hedging + sizeable dividend = formula for ___.