Birchcliff Energy Ltd T.BIR

Alternate Symbol(s): BIREF

Energy Oil & Gas E&P

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.

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Birchcliff Energy Ltd > So I made it through shoulder season

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Post by iwpeteon Nov 15, 2023 11:58am

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Post# 35737037

So I made it through shoulder season

Still tax loss season coming up though.
This guy Aaron Bilkoski at TD almost looks like he's coming around, he says "Dividend Now Funded with CF, but Not Much Wiggle Room: We estimate 2024E capex program and the current dividend equate to an all-in payout of 97% under our commodity-pricing assumptions (90% at current strip). Although now funded with CF, the payout ratio is high versus peers and likely remains the focus for investors."
Of course I'm down $60k today but this is a long game not a daily weigh in.
Nobody wanted to buy MSFT at $15 in Mar of 2009.
GLTA

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