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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 Dadsaid2on Sep 01, 2023 10:45am
198 Views
Post# 35615899

RE:Birchcliff a Dividend Stock?

RE:Birchcliff a Dividend Stock?

Mgt comitted to 20cents per quarter for 2023 though  Q4 not guarrenteed. 2 paid and 3rd is declared so 60 cents so far.  The problem l see is with weak NG/OIL prices this year 2023, their debt keeps rising.  Just review the last 3 quarter earnings reports.  So the market doesnt like rising debt at the share price may suffer.  This is typical in quite a few energy companies.  You need to watch this closely.  IMO....GLTA

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