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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

TSX:BIR - Post Discussion

Birchcliff Energy Ltd > Hedges for the summer?
View:
Post by Tothemoon2 on Feb 02, 2022 1:11pm

Hedges for the summer?

Does anyone think they should take a little risk off the table and hedge some production for US $5 this summer or maybe for a full year?  Would be locking in great cash flow to solve debt issue.
Comment by robert41 on Feb 02, 2022 1:18pm
I agree but who would take on those hedges? Only someone that beleives gas will be north of $5 bucks for the year or however long the hedge is. If someone is willing to then you know gas is maybe going higher. In the fall when gas was between 5 and 6 you didn't hear of any of the gas companies hedging at those prices... was it because no one would buy the hedge I don't know. We need an ...more  
Comment by Tothemoon2 on Feb 02, 2022 3:40pm
Current HH strip is basically US$5 or so for the rest of the year so someone is willing to take the other side of the trade.
Comment by Relaxrelax on Feb 02, 2022 4:18pm
They're aren't hedging!  Ever!  Watch the CEO's video on BNN.
Birchcliff Energy Ltd
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