Birchcliff Energy (BIR) has notable insider buying

Birchcliff Energy (T:BIR)

James William Surbey, a Director, acquired 50,000 Common Shares on an indirect ownership basis for registered holder HSBC Securities (Canada) Inc. at prices ranging from $1.460 and $1.478 through the public market on May 21st, 2020. This represents a $73,448 investment into the company's shares and an account share holdings change of 9.9%.

Birchcliff Energy Ltd. is an intermediate oil and natural gas company. The Company is engaged in the exploration for and the development, production and acquisition of petroleum and natural gas reserves in Western Canada. Its operations are concentrated within core area, the Peace River Arch, which is centered over 90 kilometers northwest of Grande Prairie, Alberta, adjacent to the Alberta/British Columbia border. It is focused on over two established resource plays within the Peace River Arch: the Montney/Doig Natural Gas Resource Play and the Charlie Lake Light Oil Resource Play. The Montney/Doig Natural Gas Resource Play contains over five producing regions, including Pouce Coupe, Pouce Coupe South, Progress, Gordondale and Elmworth. The Charlie Lake reservoirs consist of varying quantities of laminated and dolomitic, silty to fine-grained sandstones. It has over 60 horizontal wells utilizing multi-stage fracture stimulation technology.