Birchcliff Energy Ltd T.BIR

New Press Release - Birchcliff Energy Ltd. Announces 10-Fold Increase to Quarterly Dividend and Declaration of Q1 2023 Dividend of $0.20 Per Common Share, New Five-Year Plan and 2023 Budget and Guidance

CALGARY, Alberta, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce that its board of directors has declared a quarterly cash dividend of $0.20 per common share for the quarter ending March 31, 2023. Birchcliff is also...read article.

[robert41]

News should be out soon interesting times

[robert41]

Ok that's weird I thought my post was attached to another post not sure how it attached to the release. Well we now know the number. Maybe the market sells it down where rustic actually buys :)

[DeepValueOil88]

Canadian asset managers will park vast amounts under $9 to earn 9% yield anticipating a double by December 31, 2023.  Birchcliff target price with 5% boost is $27 for strategic acquisition.  Dividend should be 4.5% at $18, and 50% premium on that price. This business can produce dividends approaching $2 per share per year over coming 5 years.  Way to go JT.