What is the street looking for at Birchcliff?Read through the summary report.. increase dividend to .24c / yr in 2023, debt free.. not bad at all..
Surprised at the lagging stock price. .24c is still around a 4% yield though. .is it enough.. seems like the street wants more.
What's the thinking here with respect to A&D or M&A.. I don't believe Jeff and team would sell this company yet.. they feel there is more value to create, then exit.
A&D, looking at the maps.. why wouldn't birchcliff buy Kelt's Pouce Coupe etc. assets.. and production ? They seem pretty bolt on..
I think the street is looking for some movement.. not just 5 year plans.. both Tourmaline and CNRL have been handsomely (like the way I am described) rewarded for accretive M&A and A&D.. but in fairness, Birchcliff have kinda sat on their hands in this regard over the past few years..
Recall when they bought the Gordondale assets, the stock price ran up really quickly in a weak market.. that was back when Seymour "See More" Schulich was a holder.
No position, but thinking I might start one.. looks cheap.. but also kinda sleepy.. need some moves..
Thoughts here?
~The Great Cheadle.