Birchcliff Energy Ltd T.BIR

Propane Prices Up

[greyowl]

.92 US a gallon or $37US/bbl or $50CDN/bbl

Recent years highs gott up to ~1.50US a gallon or $60US/bbl

BIR produces over 6,000 bbl/day of natural gas liquids or ~ 2 million bbls/year

They only receved about $26CDN/bbl this past summer

At $50cdn/bb lfor propane  they should earn an extra 50M/year vs 2024

At $100 /bbl propane (which is possible in this market) they would
pocket and wxtra 150M/year - just on propane - enough to cover the
dividend for the year.. Worth to keep an eye on.

Winter looks like it is taking hold of North America.
Henry Hub gas is up nicely today - BIR receives close to US pricing for 
most of thier gas (less about $1US or so).  About 15% of thier gas is
Aeco which are up this year and which should rise more soon enough.

[Maxmoe]

Not to mention the $c under 70 cents makes all $U.S. priced commodities even better on bir books. Still no sign of significant ice on Burlington bay , Hamilton harbour, or around Toronto islands. We may get some near shore but unless it gets real cold, real fast, AND stays there a LONG time, I can't expect to see a freeze over of Ontario or Erie or the southern half of lake Huron and Lake

[Maxmoe]

Speaking of cheers, I forget to call that my Les Newman weather report from wkrp. Currently -3 in Cincinnati, which is much colder than me in Niagara. Here it's -3 Celsius. That's about 30 degrees warmer Fahrenheit. Pass the sun tan lotion. 

[greyowl]

Morning Max. Soutthwest corner  of Lake Ere is already frozen over - hence the colder temps in Cicncinatti. Lake Erie often freezes over - reason being it is shallow compared to the other lakes. The ice should over it should increase a lot over the next week. Spring weather in Buffalo is  often delayed by a couple weeks due to the ice over Erie. That lake should  freeze over