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Birchcliff Energy Ltd T.BIR

Alternate Symbol(s):  BIREF

Birchcliff Energy Ltd. is a Canada-based intermediate oil and natural gas company. The Company is engaged in the exploration for and the development, production and acquisition of oil and gas reserves in Western Canada. The Company’s operations are focused on the Montney/Doig Resource Play in Alberta. Its operations are concentrated in the Peace River Arch area of Alberta. The Company has a 100% working interest in its Pouce Coupe Gas Plant and two oil batteries, as well as various working interests in numerous other gas plants, oil batteries, compressors, facilities and infrastructure. Its Pouce Coupe Gas Plant, which is licensed to process up to 340 million cubic feet per day (MMcf/d) of natural gas, is located in the heart of the Corporation's Montney/Doig Resource Play.


TSX:BIR - Post by User

Post by Billybabin61on Jan 04, 2023 2:40pm
371 Views
Post# 35203313

Here are the real numbers, re: Upcoming Div announcement

Here are the real numbers, re: Upcoming Div announcementTheir guidance as presented is for a sustained .20 per Q dividend based on reduced commodity pricing environment as we are in now. This bottom line translates to a 2023 projected adjusted funds flow of $468mil.

To achieve this they need:

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

You can make your own judgements on where commodity prices will be,but this is what it is.
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