Birchcliff Energy Ltd T.BIR

Alternate Symbol(s): BIREF

Energy Oil & Gas E&P

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.

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Birchcliff Energy Ltd > So I made it through shoulder season

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Post by iwpeteon Nov 15, 2023 11:58am

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Post# 35737037

So I made it through shoulder season

Still tax loss season coming up though.
This guy Aaron Bilkoski at TD almost looks like he's coming around, he says "Dividend Now Funded with CF, but Not Much Wiggle Room: We estimate 2024E capex program and the current dividend equate to an all-in payout of 97% under our commodity-pricing assumptions (90% at current strip). Although now funded with CF, the payout ratio is high versus peers and likely remains the focus for investors."
Of course I'm down $60k today but this is a long game not a daily weigh in.
Nobody wanted to buy MSFT at $15 in Mar of 2009.
GLTA

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