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Birchcliff Energy Ltd T.BIR

Alternate Symbol(s):  BIREF

Birchcliff Energy Ltd. is a Canada-based intermediate oil and natural gas company. The Company is engaged in the exploration for and the development, production and acquisition of oil and gas reserves in Western Canada. The Company’s operations are focused on the Montney/Doig Resource Play in Alberta. Its operations are concentrated in the Peace River Arch area of Alberta. The Company has a 100% working 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. Its Pouce Coupe Gas Plant, which is licensed to process up to 340 million cubic feet per day (MMcf/d) of natural gas, is located in the heart of the Corporation's Montney/Doig Resource Play.


TSX:BIR - Post by User

Comment by robert41on Dec 06, 2023 8:12pm
172 Views
Post# 35772149

RE:RE:RE:Buyback coming?

RE:RE:RE:Buyback coming?Bir doesn't control the stock they can't make it go up or down so that concept of 5hem letting the stock tank for cheap options is ridiculous. The insane divi and no hedges have created more debt that's the problem period. I hope they cut it unless gas goes to 4 bucks which isn't happening. Yes their would be short term pain but in the long run with gas where it's the divi is nuts. I jumped out with a small loss. I would hope the egress from kitimat would shore up gas prices but I have no idea if that is the case.
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