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 > Not great

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Post by SadieLadyCO on Nov 14, 2023 4:04pm

Not great

for now

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Comment by baranja on Nov 14, 2023 4:24pm

tomorrow will be better?

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Comment by SadieLadyCO on Nov 14, 2023 4:28pm

I dont thnk so. We may see a big sell off ? They missed by a large but, they missed by not producing. Forget about the price of gas but production was dow, thats what bothers me. Also their DEBT waqs higher, Not good. O-well will see.

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Comment by ShawnyCash1 on Nov 14, 2023 4:54pm

If you're forward looking, production will be up in the next quarter and at higher nat gas prices. Strategically it makes sense to drill and hold off for better pricing. Debt was higher but when youre maintining a dividend at low nat gas prices and no hedges.. well, that eats into cash flow and debt was their decision. Birchcliff still maintains low debt compared to a lot ...more

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