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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 bossuon Jan 17, 2023 2:30pm
250 Views
Post# 35228734

About dividend increase....

About dividend increase....Probably not a 0,20 dividend increase or $ 0,80 on a yearly basis or a 8,8 % yield on the actual share price.
Commodity price does not justify such an increase and 
recession will soften demand .
I would see an increase of 100 % at 0,04 per share for sometimes and 5,0% on the $ 9,00 share price.
Nobody know where the nat gas will be during the year but Jeff has a better idea on the commoditity going forward and his 5 year guidance published in 2020... 2021....2022 for the next 5 years was not adequate.
Probably the reason for weakening in the share price.

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