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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 PlutusofCreteon Dec 04, 2022 11:25am
328 Views
Post# 35149418

EIA forecast FY23 Henry Hub price to average $5.46

EIA forecast FY23 Henry Hub price to average $5.46https://www.eia.gov/todayinenergy/detail.php?id=54599

They believe prices will decline after the spring due to rising production levels. 

So what is the exit strategy on BIR...sell in the peak of the Winter or hold long and wait until 2025 LNG Canada all the while collecting a divy? Govt taxation is a risk through all of this and a potential conservative win in the 2025 federal election could also be a tailwind. There is so much to consider. 

I tend to get burned with the sell and buy back lower approach. Have been holding BIR since 2017 and glad I have not been selling and buying as I probably would have missed the big run up. 

I am still a believer in $15-$20 price target but wonder how long will it take to see this price reached. 

Thoughts team? 
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