RE:RE:RE:The worst investment in O&G patch?I don't own Birchcliff but I have followed them and read on them once a year...wtf happened here?
My mouth dropped reading their presentation...no hedges....but this part...
213M dividend payment, 270-280m capex, 360M adjusted fund flow thus equaling 123m -133m over free cashflow. Basically taking on 123-133m in new debt for the year of 2023.
Maybe I am too honest when I post and blunt, but how is Bir share price this high.
It sucks but none of us control the aeco price hedge curve. Hedge price for january is 3 dollars right now.
I hope things turn around and the excess NG can go but so little caution on twitter and media.
Like at it both ways...what if a cold winter but what if a warm winter...