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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 > What a Dividend.
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Comment by checkupon Feb 24, 2023 7:15pm
106 Views
Post# 35304685

RE:RE:What a Dividend.

RE:RE:What a Dividend.BIR will not be taking on debt to pay for this dividend.  The CEO said they will cut capital expenditures before they will cut the dividend and they certainly will not use debt.  Nuttley is not to be trusted.

Doubltful Nat gas will go negative.  Rig counts are down,  Freeport is up and running,  cold weather will eat up supply.  

I guess we will see but I don't agree with him.
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