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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 Bihiselhiron Nov 14, 2023 6:32pm
157 Views
Post# 35735639

RE:Ho Hum

RE:Ho HumWell said!

Nothing exciting. Debt going up due to dividend. So much for cutting capex to maintain the dividend. Not sure if cutting capex buys them another year or two of lower gas prices to sustain dividend in hopes of higher gas prices, and gas doen't need to be too much higher mid $3s to maintain.

Div cut would likely be a 15%+ haircut due to 10% gone plus more due to selling pressure i'm guessing. Hope we don't see that and some costs get cut and gas goes up simultaneously.

D
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