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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

Comment by Billybabin61on Jan 21, 2023 9:33am
199 Views
Post# 35237209

RE:RE:RE:RE:RE:RE:RE:RE:So.......

RE:RE:RE:RE:RE:RE:RE:RE:So.......Bottom line is we don't know what the year end 2022 is since it wasn't mentioned in the recent release, at least I didn't see it anywhere. They project year end 2023 debt at 50-70 mil which essentially what they projected for year end 2022. We don't really know how much the debt was reduced from the 186 last reported and it is entirely possible that they have significantly reduced it under 100 mil let's say for a number or even closer to their 2022 target and will simply maintain the debt for 2023 and not pay much down on it since significant progress has been made in the last year on that front. I don't know what the interest rate is, if someone does feel free to post. 

One thing for sure, they will want to conserve as much cash as possible after the 213 Div is paid and spend it with the most efficency. Lots of unknowns until they report Q4.
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