Public market insider selling at Birchcliff Energy (BIR)

Public market insider selling at Birchcliff Energy (T:BIR)

Christopher Andrew Carlsen, a Senior Officer, disposed of 200,000 Common Shares on a direct ownership basis at a price of $5.000 on February 16th, 2024. This represents a $1,000,000 divestment of the company's shares and an account share holdings change of -100.0%.

Aaron Jeffery Tonken, CEO and Director, disposed of 200,000 Common Shares on a direct ownership basis at a price of $5.000 on February 16th, 2024. This represents a $1,000,000 divestment of the company's shares and an account share holdings change of -52.6%.

Bruno P. Geremia, CFO, disposed of 115,333 Common Shares on a direct ownership basis at a price of $5.000 on February 16th, 2024. This represents a $576,665 divestment of the company's shares and an account share holdings change of -100.0%.

Hue Tran, a Senior Officer, disposed of 52,000 Common Shares on a direct ownership basis at a price of $5.000 on February 16th, 2024. This represents a $260,000 divestment of the company's shares and an account share holdings change of -100.0%.

Duane Robert Thompson, a Senior Officer, disposed of 45,000 Common Shares on a direct ownership basis at a price of $5.000 on February 16th, 2024. This represents a $225,000 divestment of the company's shares and an account share holdings change of -100.0%.

Robyn Bourgeois, a Senior Officer, disposed of 33,334 Common Shares on a direct ownership basis at a price of $5.260 on February 16th, 2024. This represents a $175,337 divestment of the company's shares and an account share holdings change of -100.0%.

Birchcliff Energy is in the Oil & Gas Exploration and Production Sub Industry Group under the Energy Sector.

Birchcliff Energy Ltd. is a Canada-based intermediate oil and gas company. The Company is engaged in exploring for, developing, and producing natural gas, light oil, condensate, and other natural gas Liquids (NGLs). The Company's operations concentrated within its core area, the Peace River Arch, which is centered northwest of Grande Prairie, Alberta, adjacent to the Alberta/British Columbia. It is focused on natural gas and light oil drilling areas in North America. The Company is focused on the Montney/Doig Resource Play within the Peace River Arch. It has 100% interest in its Pouce Coupe Gas Plant and two oil batteries, as well as various working interests in numerous other gas plants, oil batteries, compressors, facilities, and infrastructure. Pouce Coupe Gas Plant is in the heart of the Montney/Doig Resource Play. The Gordondale property is located northwest of Grande Prairie, Alberta and consists of the properties in Gordondale. Birchcliff Energy Ltd. (BIR) has below median officer and director direct ownership compared to its mid-cap peers in the market, based on our estimate using SEDI data. According to regulatory filings yesterday, six insiders have divested a net amount of $3,237,002.