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 > I strongly

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Post by shenty46 on Mar 02, 2022 11:28am

I strongly

I strongly believe we may hear a bought out statement by Tourmaline or some one else very soon, otherwise with unhedged positions this must have been trading much above 10 dollars.

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Comment by barneyj44 on Mar 02, 2022 12:49pm

I tend to agree Shenty, something is amiss with regards to Birchcliff. Nat gas trading nicely over $4.50, unhedged and paying down debt. Wouldn't surprise me to see an offer sooner rather then later. Regardless I added more this morning.

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Comment by Burgersandfries on Mar 02, 2022 1:58pm

I can't imagine what BIR trades at this fall if gas is $4.50 and it's that close to being debt free. I'm not convinced on a buyout unless it's all stock from who ever the buyer is. My understanding is if it's an all stock transaction we don't pay tax until you sell what ever stock you end up with from the acquirer. I'm thinking Jeff wants to see this thru as he's so ...more

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Birchcliff Energy Ltd