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Birchcliff Energy Ltd T.BIR

Alternate Symbol(s):  BIREF

Birchcliff Energy Ltd. is a Canada-based intermediate oil and gas company. The Company is engaged in exploring for, developing, and producing natural gas, light oil, condensate, and other natural gas Liquids (NGLs). The Company's operations concentrated within its core area, the Peace River Arch, which is centered northwest of Grande Prairie, Alberta, adjacent to the Alberta/British Columbia. It is focused on natural gas and light oil drilling areas in North America. The Company is focused on the Montney/Doig Resource Play within the Peace River Arch. It has 100% 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. Pouce Coupe Gas Plant is in the heart of the Montney/Doig Resource Play. The Gordondale property is located northwest of Grande Prairie, Alberta and consists of the properties in Gordondale.


TSX:BIR - Post by User

Post by HighOctane89on Dec 01, 2022 12:57pm
317 Views
Post# 35143546

I don't understand this stock

I don't understand this stock For the life of me , I just don't understand this stock . Bir have paid off their debt , they are profitable and unhedged going into winter with a market cap of $2.8 billion yet the stock is down . Then you look at a company like Shopify who operates a sales platform (they own nothing) , so far this year they have lost $2.8 Billion , have a market cap of $55 billion and they are up 5% today . Its hard to understand how profits and dividends aren't of value anymore .
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