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 > company needed that divy cut

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Comment by PlutusofCreteon Feb 03, 2024 9:39am

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Post# 35861010

RE:RE:RE:RE:company needed that divy cut

Sadly that is looking more and more like a possibility.

At that price the stock will be yielding more than 10% again and I suspect another dividend cut to 20 cents.

If that cut happens, perhaps another drop to low or mid $3s?

Not sure we can be confident that the 40 cents is secure.

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