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 > New Press Release - Birchcliff Energy Ltd. Announces 10-Fold Increase to Quarterly Dividend and Declaration of Q1 2023 Dividend of $0.20 Per Common Share, New Five-Year Plan and 2023 Budget and Guidance

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Comment by DeepValueOil88on Jan 18, 2023 5:13pm

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Post# 35231785

RE:RE:RE:New Press Release - Birchcliff Energy Ltd. Announces 10-Fold Increase to Quarterly Dividend and Declaration of Q1 2023 Dividend of $0.20 Per Common Share, New Five-Year Plan and 2023 Budget and Guidance

Canadian asset managers will park vast amounts under $9 to earn 9% yield anticipating a double by December 31, 2023. Birchcliff target price with 5% boost is $27 for strategic acquisition. Dividend should be 4.5% at $18, and 50% premium on that price. This business can produce dividends approaching $2 per share per year over coming 5 years. Way to go JT.

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