RE:RE:RE:We here dont really know"I think BIR's dividend is generous enough (over 10% yield at current SP) to the point that they are taking on debt to pay it. "
Like i said, there is a SIGNIFICANT difference here between Birch's debt and that of Peyto's. Where the former's is ~$300M and the latter is more than 3X that. So do your own math there. And yes, Birchcliff's divvy is also "generous" at 10%, and thev reason why they will eventually cut it if energy prices don't turn around by year end. You cannot borrow and go into debt indefinitely JUST to pay a dividend. Imho, both Birch & Peyto will CUT their divvys in half BEFORE year end.
"What they do not have is any hedges in place to cover it."
And THATS Birchcliff's Achille's Heel........IF NG prices continue to remain below $4. Which imo they will until the 2024 elections or if Russia goes BK or both.
GLTA