RE:The problem with BirchJust to be contrarian, I don't think being nat gas dependant is at all bad. I also think BIR is more likely to be merged with another larger player with more debt and a lower % dividend. The Birchcliff dividend would almost finance a takeover. The only thing is that the insiders would have to make some kind of deal because the last 1.6 million share options are at around $9.30 and I doubt they issued options and would let them expire.