Birchcliff Energy Ltd T.BIR

BIR's missed opportunity

[EnergyWatcher55]

BIR missed an important opportunity to slay its debt meaningfully last fall by recklessly declaring a 20 cent divident ($55 million). BIR's CEO reminds me of VET's last CEO. Terrible outcome.

[iwpete]

This is probably just a dumb assumption on my part. But on the 15th I get 20 cents a share.    I will use the money to buy more BIR.  And if everybody does the same thing, that will be $53 million chasing BIR stock. GLTA

[Skylar1]

Same here , will buy stock . 

[bossu]

Long term debt at September 30 $ 196 989 M On October 20 2022 -Birchcliff Energy chief operating officer Chris Carlsen. "We have taken the approach starting a couple of years ago that we wanted to get the debt to zero, essentially," Mr. Carlsen said, noting the company is approaching its goal after having retired $840-million in total debt and preferred shares since June, 2020

[PlutusofCrete]

is there a real difference between 0 debt and $100 million of debt?? If debt was $0 today....we would just find something else to complain about....

[bossu]

Just $ 100 M ,,,,,!   peanuts    :)

[Skylar1]

So true lol  , BIR is close to debt free at this point anyway.