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Birchcliff Energy Ltd T.BIR

Alternate Symbol(s):  BIREF

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.


TSX:BIR - Post by User

Comment by bossuon Feb 06, 2023 5:15pm
329 Views
Post# 35270429

RE:BIR's missed opportunity

RE:BIR's missed opportunityLong term debt at September 30
$ 196 989 M

On October 20 2022
-Birchcliff Energy chief operating officer Chris Carlsen. "We have taken the approach starting a couple of years ago that we wanted to get the debt to zero, essentially," Mr. Carlsen said, noting the company is approaching its goal after having retired $840-million in total debt and preferred shares since June, 2020. Birchcliff elected to declare a special cash dividend of 20 cents per share at the end of October and is now on track to reach a cash surplus Net debt position at the end of the first quarter of 2023.

Energy Watcher 55 :
What are you expecting the  ''ball park figure'' of the  long term debt at December 30 ?

Of  course we will be informed soon and we start from the 2022 financial report and see the Bir strategy in the lower Nat gas price environnement .



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