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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 > Downgrade
View:
Post by marketsense on Jan 17, 2023 12:41pm

Downgrade

To $13.  OK,  I'll take it.  At these gas prices,  paying down debt will not present a 
problem and neither will their .20/Q divy either.  As for hedges,  now the lack of them
is considered a risk.  What BS.  Their lack of hedges after a steep 30% decline in gas prices is a nice positive IMO.  Where is the analysts comment about Freeport coming
back on line.  Freeport alone will utilize 20% of nat gas production in the US.  Not
impressed with the report or the analyst.
Comment by EnergyWatcher55 on Jan 17, 2023 2:24pm
Funny how the CEO has been quiet after pounding the table on BNN that BIR would be debt free by Sept-Oct odf 2022. Where is he? 
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