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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 cooper90on Nov 15, 2024 11:30am
90 Views
Post# 36314972

Way over blow!

Way over blow! These guys are an extremely low cost producer this is way overblown 
There is an artical stating due to the AI database centre build-out USA energy demand on the grid is going to increase by 25% 
LNG Canada starts early 2025 
Winter season will increase demand and LNG in the US is already running to fill Europe needs and this will only increase 

IMO this divi is safe below the pay-out ratio even at these prices we just saw this from the latest BIR quarterly report 

I was on the sidelines, sold some of my long standing WCP which was not moving and just purchases 8000x shares at 4.85 and will gladly sit on this and collect 8.2% divi in my TSFA all day long! 

Cooper!  


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