Post by
iwpete on Oct 10, 2023 12:31pm
BIR is underpriced
big time..
haven't sold any cheap recent buys, don't plan to.
If it stays this low it's going to be aquired
Comment by
itsalie on Oct 10, 2023 12:38pm
some in the twitterverse are suggesting the divvy will be cut.. that might be part of the issue..
Comment by
iwpete on Oct 10, 2023 12:52pm
say the dividend is cut to 10 cents does it really matter that much BIR is a cash generating machine for years to come, years, lots of years.. I don't invest for a day
Comment by
itsalie on Oct 10, 2023 2:46pm
it the divvy is cut probably a 20% haircut to the stock price. I don't want anything to do with that..
Comment by
PlutusofCrete on Oct 10, 2023 3:15pm
Everything is speculation until we finally hear from Chris (the new CEO). I expect a BNN interview either with Jeff after Q3 2023 results or in Q1 2024. Nothing will change to the dividend payout unless a black swan event occurs between now and April 2024.
Comment by
PabloLafortune on Oct 10, 2023 6:10pm
Birchcliff has fairly significant basis hedges (HH to AECO) in Q3, Q4, 2024 and 2025. Much better than just selling AECO IMO.
Comment by
PabloLafortune on Oct 10, 2023 10:25pm
Basis hedges means the producer gets - financially - Henry Hub prices (less basis cost) instead of AECO. Its like selling to HH for a fee instead of AECO. Very beneficial when HH goes up but AECO doesnt. Its my understanding, I could be wrong.
Comment by
PabloLafortune on Oct 10, 2023 10:26pm
As they are strictly basis hedges, they get the full benefit of HH going up.