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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TSX:BIR - Post Discussion

Birchcliff Energy Ltd > Tragets

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Post by RusticHit on Mar 16, 2023 3:37pm

Tragets

Tragets are so low 8-9 bucks mostly now no growth

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Comment by barneyj44 on Mar 16, 2023 4:50pm

Who isn't cutting production in this environment. Cheasopeake Energy with a $10 billion market cap is cutting production as stated a couple of weeks ago. I'll sit back and collect the dividend and cost average when opportunity presents itself.

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Comment by checkup on Mar 16, 2023 5:11pm

The energy industry will not do business much at $60.00 WTI. OPEC will cut and most are prepared to slow production. Biden should be filling up his SPR at this price.

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Comment by Billybabin61 on Mar 16, 2023 10:02pm

The energy industry will have no choice but to do business at whatever price oil is at. That is the business they are in. As for guarantees of below $60 oil there are none. We could wake up tomorrow and more banks could go down, everything in the oil and gas industry is risky. I believe BIR will survive. Their next Q will provide more clarity. Until then we get paid nicely to wait, or not wait ...more

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