Birchcliff Energy Ltd T.BIR

Hedged/Unhedged doesn't make a difference

[barneyj44]

With Birchcliff, especially when NG is up (.18 cents today)

[PlutusofCrete]

If we can get sustained pricing in the $2.80-$3.10 range then maybe the SP will rise.  I think we're in a wait and see situation. 

[nhellofaguy]

I had Hope, no longer.  I cut my losses and sold.  Jeff T really screwed up.  My mistake, taking his word.  New CEO will be hatchet man to the dividend.  Jan 17 will be announced that it is cut in half.  They need $ 3.00 to sustain (eg breakeven), do not see that happenning this year.  They should also hedge to some degree. Anyhow if you still have Hope, let me

[okgonow]

we will see what they say not long to wait!  "We are continuing to evolve our plans for 2024 and expect to announce the details of our formal 2024 capital budget and updated five-year outlook for 2024 to 2028 on January 17, 2024."

[itsalie]

I added, oversold at this point

[NewfNewf]

Likewise. Bought some at 5.70. This will be 6.70 in a few short weeks.

[MagicPinstripes]

Take a look at the assumptions from the January 18th, 2023 news release regarding their five-year plan. https://www.birchcliffenergy.com/sites/default/files/docs/News%20Releases/2023/PR%20-%20January%2018%2C%202023.%20FINAL%20230118.pdf Now look at the updated assumptions in their November 2023 corporate presentation.  https://www.birchcliffenergy.com/sites/default/files/docs/Corp

[PlutusofCrete]

There will be no change in the January update. Management will wait until Q1 results.  I expect a $0.20 divy for Q1 and Q2 and then if needed a cut in Q3 before the grant of new options to Mgmt....allowing them to get some cheap options.  Let's wait and see....