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.

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Birchcliff Energy Ltd > No choice but they must cut div

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Comment by PlutusofCreteon Mar 18, 2023 10:44am

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Post# 35346707

RE:No choice but they must cut div

Jeff was pretty clear in his last interview......they will take on debt this year if needed and will ultimately cut CAPEX next year if the low prices persist.

The way I see it....the divy is safe until mid 2024....if prices are not turning around by then we will see a cut in the divy.

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