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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 MikeySwooshon Feb 21, 2024 12:16am
152 Views
Post# 35890194

RE:BIR execs letting me down

RE:BIR execs letting me downAstute move to exercise options and crystalize hundreds of thousands of dollars in gains on a stock that they recognize is overvalued in today's market. Depressing to see though, for sure. Quite a shame they don't manage the business quite as astutely given the current backdrop. Way too high a dividend and an unwillingness to hedge is not good stewardship of shareholder capital. Nothing profound there. I wish I would have known that JT was so incredibly stubborn and unwavering when I committed capital to Birchcliff, but at least I've been able to hedge some of my position, so I'm not as exposed perhaps as the average investor. Anyway, if there isn't a notable improvement in pricing or sentiment towards NG between now and May, or the BOD doesn't recognize that the status quo isn't the only potential path forward then the AGM could yield some interesting voting results. Perhaps the last AGM for Mr Tonken. I will certainly be casting my shares' votes against his re-election.  
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