Birchcliff Energy (BIR) has notable insider buying

Birchcliff Energy (T:BIR)

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. Bruno P. Geremia, CFO, acquired 70,000 Common Shares on an indirect ownership basis for registered holder CIBC Investor Services at prices ranging from $2.320 and $3.550 through an exercise of options on December 19th, 2022. This represents a $170,599 investment into the company's shares and an account share holdings change of 12.9%.

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). Its 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.