Some yapping…and info from BIR presentation BIR plan appears promising. Usually there are hiccups though. Sure things are only taxes, more taxes, government lying, government over spending, more taxes and finally death.
One factor, outside of managements control, is the likelihood of a recession/depression (head fake or not). I have my bias and holding mainly in cash. Played swings in BIR. The name of the game is to make money. Throw emotions aside. Never fall in love. Be prepared to divorce. Redate. Go out with others. Plenty of fish in the sea. Lots of anchors too. Re-evaluate continually. Herd mentality can lead you over a cliff or on top of a cliff (for a bit). The above is not investment advice or dating advice. Only mindless drivel.
https://www.birchcliffenergy.com/sites/default/files/docs/Corp%20presentation/Q322%20Corporate%20Presentation.pdf
note #5.
Targeted annual common share dividend of $0.80 per share and F&D capital expenditures for 2023 is fully funded from adjusted funds flow at US$70.00/bbl WTI and CDN$3.00/GJ AECO
1) As updated October 13, 2022. See “Advisories – Forward-Looking Statements” for information regarding the assumptions and risks related to Birchcliff’s guidance.
2) Non-GAAP financial measure. See “Advisories – Non-GAAP and Other Financial Measures.”
3) Reduced commodity pricing: an average AECO price of CDN$3.00/GJ, an average Dawn price of US$3.20/MMBtu, an average NYMEX HH price of US$3.40/MMBtu, and an average WTI price of US$70.00/bbl.
4) Assumes that an annual common share dividend of $0.80 per share is paid in 2023 and there are 266 million common shares outstanding. The declaration of dividends is subject to the approval of the board of directors and is subject to change. See “Advisories – Forward-Looking Statements”.
5) Based on F&D capital expenditures of $255 million, which is the mid-point of Birchcliff’s preliminary F&D capital expenditures guidance range for 2023. See “Advisories – F&D Capital Expenditures”.
watch this too. Saying "sorry" seems to be a free pass?
https://twitter.com/WeAreCanProud/status/1602802361579163648