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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

Post by nhellofaguyon Jan 17, 2024 5:54pm
301 Views
Post# 35832390

Divy Cut as Expected

Divy Cut as ExpectedThe stock is toast.  They cut the divy in half as expected.  With that move my expectation is that they were going to pay down debt.  Nope, in Q3 they stated year end debt of 330 million,  New presentation year end of 410 million.  Still going the wrong way dudes and still not hedging.  I also think some of their pricing assumptions are riduculous for 2025 (eg Dawn and Henry Hub).
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