Post by
ztransforms173 on Nov 20, 2024 10:43am
CEO On BNN: BIR Has 10,000 Boe/d Of HIGH-RETURN CAPACITY
- RIGHT NOW, BIR has 10,000 Boe/d of TRANSPORT EGRESS CAPACITY that it is PAYING BUT is NOT USING due to DEPRESSED NG PRICES {mostly on the TransCanada NATIONAL pipeline}
- it 'could' EASILY FILL UP the PIPES with MODEST CAPEX on it's EXISTING DRILLING INVENTORY
- so BIR has GREAT TORQUE on the NEXT MARGINAL 10,000 boe/d of NG PRODUCTION
- this is VERY IMPORTANT as a GOOD SWING in NG PRICES {TRIGGERING PRODUCTION to 85,000 boe/d} will REALLY BOOST the OPERATING MARGINS of Birchcliff Energy
- I ADDED more this morning @ $ 5+/share
z173