Birchcliff Energy Ltd T.BIR

Debt repayment

[bossu]

Debt at December 31 was $ 499 M and  at March 31 $ $ 409M for  a reduction of $ 90 M
 
Target debt reduction for 2022 according to Q1t financial report 175 M to $ 195 was announced !
Whit the increase selling price in the Q2 it will be interesting to see the number
allocated to tg the debat reduction but we may see a $ 175 M debt reduction in the Q2 bringing a ''0''debt by the end of the year or sooner.
We may expect a dividend increase by the Q1 2023
So better pay debt and take care of the shareholders later on or 6 months from now.

[bossu]

Just a quick note on debt repayment in the Q2: $142 M debt reduction compare yo Q1 at $ 90 M At $ 47 M per quarter : Debt at June 30    $ 266 M/ $ 47 M = 5,6 months  So debt free By Mid december  ''These results allowed us to significantly reduce our total debt(3) at June 30, 2022 to $266.9 million, a decrease of $504.0 million (65%) from June 30, 2021

[AboveBoard]

Looks promising.  The only thing that could put a wrench in the plan is a recession in which ng and oil  prices collapse.  Once debt is paid off then sleeps will be very restful. 

[robert41]

If there's a recession it might last a year people need to heat and cool their homes and cook their food. Power is required and NG is a necessary commodity. in my opinion a recession will bring the drillers and producers to tighten their wallets and supply will be kept over check. To me it's all about supply demand will be there regardless of a recession. I look forward to seeing the divi

[marketsense]

Agree as well.  NG will be in demand no matter what happens.  Winter is coming soon enough and I doubt people will be cutting back on NG because of a recession. The situation in Europe is not going away although it has only a slight effect on NA gas prices in  NA but nevertheless,  LNG exports will be going full out by then with Freeport LNG back in service.  Just too many

[Burgersandfries]

I'm guessing here but even if NG say dips and levels out around 5 bucks HH and that's the new normal for gas Birch will still be a cash flow machine as will the others...I'm thinkin Xmas special divi's a buck a share starting Xmas 2023...just dreaming a bit!

[Relaxrelax]

Let's try to stay positive and enjoy this amazing quarter.  Let's be honest, no stocks do well during a recession, period.

[AboveBoard]

Been burnt many times with sure things.  I like what BIR management is doing regarding debt.  The horse is half way on the track and leading.   It is good to be positive.  But it is wise to be cautious. Cooling homes and heating homes is one aspect for ng use.  If ng and oil remains above the Level that management has outlined then things should go very well.  If ng