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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 houbahopon Jan 20, 2024 4:58am
196 Views
Post# 35837101

RE:LNG help is on the way

RE:LNG help is on the wayYep, many LNG facilities are almost ready for commission. This will only increase pressure on natural gas prices. The issue here, TF and JKM, the two main receiving facilities have their Future strip down in the gutter for the next 4 years.

Don't expect miracles from the gas sales to East Asia or Europe, unless market conditions change drastically. Natural gas consumption needs to increase in these countries.

North american natgas producers are yet again the main culprit of their own demiss. They have not learned the lesson of the recent past. Another increase in gas rigs last week, both in Canada and US...

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