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Birchcliff Energy Ltd T.BIR

Alternate Symbol(s):  BIREF

Energy Oil & Gas E&P
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

Birchcliff Energy Ltd > Here are the real numbers, re: Upcoming Div announcement
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Comment by AlwaysLong683on Jan 04, 2023 8:47pm
161 Views
Post# 35204010

RE:RE:Here are the real numbers, re: Upcoming Div announcement

RE:RE:Here are the real numbers, re: Upcoming Div announcement
Burgersandfries wrote: They may need that and that's great but if that happens the stock price will definitely drop and then the market won't like the big dividend. I hope like another poster said that they re think the big dividend for now to something more normal and grow it slowly as the market allows or do a special dividend like  they just did and TOU does.


I agree.

Most smaller O&G E&P companies should pay a very modest but consistent dividend, then consider offering a one-time "special" dividend on occasion should their financial situtation and outlook justify it. When will these firms learn that they are in a volatile business where prices can change rapidly and for prolonged periods of time, hedges can help but are not a cure-all, and there are so many external factors that can affect their annual cash flow. A cut to the regularly scheduled dividend produces extra hurt to the share price in the midst of a downturn.

In my view, if your ticker symbol isn't CNQ, then the above would be the optimal approach to take re payouts to shareholders.

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