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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

Post by Maxmoeon Dec 18, 2023 9:34pm
170 Views
Post# 35790997

Advice

AdviceNothing wrong with sharing advice or the benefits of 40+ years of investing. I have no patience for guys that bash my stock and pump their own in the same post as if that will make any difference other than to annoy the longs. No patience for shorty bashing to manipulate. No patience for a pumptard with a big block for sake. Etc.  So for what it's worth, I've known jeff since he was the brash outspoken ceo at stampeder that was intent on taking on the petroleum club. He's not going to be any less involved in the business at bir with this reshuffle of chairs at the boardroom table. My hunch is jeff is stepping aside from the ceo role so he won't have to face the music and cut the dividend after adamantly saying he wouldn't. There is no reward for paying a 10% plus divy yield. It has not helped the stock price from 8 to 6, nor will it help from 6 to 8. Bir May as well cut it completely and use 50% to buy back stock, and 50% to expand drilling and/or pay off debt. Perhaps they'll only cut the divy in half but I wouldn't count on it. Then when gas prices recover with pipeline egress next year, jeff can return to the spotlight. Just my opinion based on decades of following jeff and the rest of the oil patch. 
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