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 > Here's What The Market Is Saying

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Post by AlwaysLong683on Dec 20, 2023 4:45am

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Post# 35793218

Here's What The Market Is Saying

CUT......THE......DIVIDEND.

This winter looks like it's going to be warmer than usual in both the Northern United States and Canada.

Check my pasts posts. I stated many months ago that it's nuts to offer such a huge regular dividend while remaining 100% unhedged. Let's see if BIR cuts the dividend by at least 50% about a year after introducing it. Better to face the embarrassment of being wrong and admitting you made a mistake than to continue this high wire act hoping the weather will save you.

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