Bullboard - Stock Discussion Forum Birchcliff Energy Ltd T.BIR

Alternate Symbol(s): BIREF

Energy Oil & Gas E&P

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... see more

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Birchcliff Energy Ltd > CER - 2021 Canada's Energy Future Report

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Post by PlutusofCrete on Dec 26, 2021 1:51pm

CER - 2021 Canada's Energy Future Report

https://www.cer-rec.gc.ca/en/data-analysis/canada-energy-future/2021/key-findings.html#kf7

I love how in one year...Canada's Energy Regulator can predict such a signifcant change in the natural gas production.

The 2021 Energy Future Report suggests that production will stay flat and then decline. 2020 showed growth.

Guess the gov't is trying to send the industry and investors a message....no more investment in exploration and development.

In the Current Policies Scenario, natural gas production is significantly higher. To reflect higher global and North American demand for natural gas due to the scenario’s lower climate action, we assume LNG exports increase to 7.1 Bcf/d by 2044 and the Henry Hub price reaches $4.40/MMBtu by 2050 (2020 dollars, adjusted for inflation).

In the Evolving Policies Scenario, assumed Henry HubDefinition* natural gas prices in the Evolving Policies Scenario steadily increase from US$3.00 per Million British Thermal Units (MMBtu) in 2021 to US$3.64/MMBtu by 2050 (2020 dollars, adjusted for inflation).

Total Natural Gas Production and LNG Export Assumptions, Evolving and Current Policies Scenarios