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Birchcliff Energy Ltd T.BIR

Alternate Symbol(s):  BIREF

Birchcliff Energy Ltd. is a Canada-based intermediate oil and gas company. The Company is engaged in exploring for, developing, and producing natural gas, light oil, condensate, and other natural gas Liquids (NGLs). The Company's operations concentrated within its core area, the Peace River Arch, which is centered northwest of Grande Prairie, Alberta, adjacent to the Alberta/British Columbia. It is focused on natural gas and light oil drilling areas in North America. The Company is focused on the Montney/Doig Resource Play within the Peace River Arch. It has 100% 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. Pouce Coupe Gas Plant is in the heart of the Montney/Doig Resource Play. The Gordondale property is located northwest of Grande Prairie, Alberta and consists of the properties in Gordondale.


TSX:BIR - Post by User

Post by goldenriviton May 02, 2023 10:29am
175 Views
Post# 35424921

BRACE FOR IMPACT!

BRACE FOR IMPACT!UPS and many large corporations are saying a recession is fast killing the economy.So nat gas prices will be under the cost of production for much longer than an unheged company can afford to pay out.So I expect BIR will be forced to admit that the current div can not be paid out at the current 10% on the May 10 earnings call.If they can not pay it the SP will fall.If they go ahead and borrow for it the SP will fall.I think at $6 they stock would be a buy hand over fist.
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