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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 robert41on Mar 18, 2023 11:07am
107 Views
Post# 35346732

RE:RE:No choice but they must cut div

RE:RE:No choice but they must cut divMorning PC if that happens the share price will be way lower we'll be taking on debt and that divi will be a massive anchor and we'll be heading back down the hole we came out of. This is why as I posted last fall the divi was to extreme and not hedging a small portion could be an issue. It's just about not risking the balance sheet. I kept some shares not thinking gas would get this low. We didn't get to debt free status and now talking about taking on debt where if conservative measures were taken we could have been paying down debt and maintaining a crazy divi or at least not going into debt but maybe buying back some cheap shares. Bir needs gas to turn around a lot quicker than 2024. Crew advantage peyto to name a few will be interesting to follow given they are hedged. Then throw in the messed up world it makes hanging on to some investments challenging to say the least. 
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