RE:Earnings Accreative....I think Mgmt wants to stay away from more drilling as it will go against what they have been communicating to shareholders and the public.
If they start more drilling it will drive the share price down as it did back in Jan 2020 when the markets weren't happy with Jeff's capex plan. Then COVID hit and the capex plan was revised.
Everyone is tired of the undervalued share price. Mgmt and shareholders are aligned...I think what we are seeing here is Jeff and the team doing whatever it takes to get our share price where it needs to be and have BIR put back into the index.
I expect debt repayments, pref share redemptions, share buybacks, and common share dividends. I want production maintained in the 80K range...don't grow, don't shrink, just focus on profits, profits, profits (as Jeff said at the end of his BNN interview back in Feb/Mar).
My guess is Tourmaline will buy BIR in about 2-3 years.