RE:RE:The worst investment in O&G patch?"Don't believe Birchcliff is in such dire straits as you make out Mrmomo."
To each his own. It's your prerogative to believe what you want to believe. I base myself on facts & figures, what are you basing yourself on? I don't think its a strech or debtable that Birch will be in deep trouble if NG prices remain this low.....
"There was a time during Covid that they were close to falling off the cliff but not so now as $$ millions of debt was paid down during the last NG run all thanks to being unhedged"
Yep back in 2020 they were indebt to the tune of an eye popping cool $1B $$$. Since that time they've done a good job (You see! i do give their props when it's merited!) at reducing it to the point where they were sooooooooooooo close to being debt free......until the divvy issue & NG prices collapsed. They should have adjusted at THAT time .....right away. Btu they did not! They made things worse!
"I hold Whitecap so a merger with them I would relish to no end."
Whitecap will be on the prowl soon, if not this year, it's almost guatanteed eafrly in 2024 they will attempt to buy someone in M&A. They usually follow lock n step with it's sister company Crescent Point and keep staying competitive........So it's not a question if they will or not it's a question of WHEN & WHOM.......and i'm not quite certain Birch is on my top 5 list if i was on WC mgmt/bod looking for the best deal.
GLTA