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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 robert41on Dec 08, 2023 10:44am
192 Views
Post# 35774829

RE:C'Mon Jeff......Pick up that phone....

RE:C'Mon Jeff......Pick up that phone....It's not "out of his hands"  cut the divi and Bir can work on the small debt left and put themselves in a reasonable position going forward. Any merger or sale to another company insures the divi is gone anyway. I've said for over a year when I left that the divi was nuts and Jeff's ego got in the way of good business practice given an NG price that they couldn't see coming. if they didn't have it they would likely be debt free and waiting for sunnier days in NG. Not only that they may have had a little cash to buy back some stock. 
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