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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 AboveBoardon Feb 10, 2024 11:39am
255 Views
Post# 35873788

RE:Interesting

RE:Interesting

NG hovering around $1.85.  My calculations(prediction usually plus/minus 10 points)  was the $1.65 mark.  The 2024 election year complicates.  Many agendas at play.  Will there be a major 2-3 market bottom crash?  Recession/depression?   Will that be allowed during the current cycle?  The next 10 months are a tough one to gauge.  On sidelines for a reason.  Looking at 1 particular solid ng play with a sustainable,dividend...still too expensive.  Btw,.  When ng was $10 and now 1/5 of past high price...why are share prices for ng companies still maintaining a healthy level that doesn't correspond?  Just speculating and yapping.  

from an older article....
Natural gas plays in such major producing fields such as the Montney Play ($1.49 USD per mcf) and Duvernay ($1.79 USD per mcf) have weighted average breakeven natural gas costs well below the Canada-wide average of $2.31 USD per mcf.

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