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Bullboard - Stock Discussion Forum Birchcliff Energy Ltd T.BIR

Alternate Symbol(s):  BIREF

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 > Paying down debt
View:
Post by AboveBoard on May 05, 2022 11:56am

Paying down debt

In these uncertain times, paying down debt is imo, the intelligent approach.  Birch management is taking that debt reduction path.  You sleep better and can keep the lights on.  As interest rates appreciate along with inflation, it is imperative to minimize costs.  Will my crystal ball prediction about natural gas and oil be correct?  Will there be a significant pullback?  It may not occur now but it could occur before year end.  We will have to see.  

btw, for those interested about  Stats...the media has somehow ignored this...
https://twitter.com/YakkStack/status/1521974759700910082

Comment by Barkis on May 05, 2022 1:17pm
AB - went the opposite direction as you and doubled down on continuing ntgas strenth and somewhat steady oil price. BTW. Likely very little likelihood of helping anyone with those stats now. IMO. It's a black swan and geopolitical thing that most cannot process. Some people need to be smacked real hard to shake them out thier belief that the governments cannot be very incompetent, corrupt ...more  
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