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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 19, 2023 1:11am
146 Views
Post# 35347351

RE:RE:RE:The real "buyback" experience - buybacks vs dividends

RE:RE:RE:The real "buyback" experience - buybacks vs dividendsClearly the writer isn't fact checking 130 million of debt is not essentially debt free. You are cutting capex possibly using debt to fund a divi is not what I signed up for that's why I lightened my load over the last few months. Bir's philosophy is based on higher gas prices period no safety valves we were supposed to be debt free now. Pure gambling on a higher gas price, gas might be 2.50 or 3.00 for years we don't know Jeff doesn't know. Anyway I've been committed to Bir for 3 years and have been fortunate I've got some big decisions to make. Should hold ''em or foldem? Not sure if I do I think peyto or Tou will be where I add too.
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