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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 mrmomoon May 08, 2024 9:39am
139 Views
Post# 36028647

RE:~$50M shortfall & Hanging by a thread?

RE:~$50M shortfall & Hanging by a thread?Just a TINY heads up for ANYONE that 's STILL a s/h here...........and chewing their nails off and/or pulling ALL their hairs in anticipation of their dismal Q1......
 
For those folks,should you worry here? Absolutely! Q1 results have still NOT been released or made public just yet....and we're at MID week! So only two days left...... and the longer they delay or drag this on........ the worse the results will probably be. Since i'm a betting man, my bet is that they will do the typical dreaded late Friday release, to minimize the negative impact & in the hopes people will not notice the awful report while folks go off for some R&R or snoozing over the week-end.

So look for a news release for their Q1 either before market opening Friday or the dreaded after market close. Either one is BAD imo. The only thing worse than that would be to release it on the week-end. And i don't think EVEN Birch mgmt is that stupid or will stoop that low.

My prediction still stands, a BIG shortfall of about ~$50M. As for gauges, both Nuvista & Advantage just barely scrapped by .....WITH a decent hedging programe. So you just IMAGINE how bad it will be for guys like Birch & Crew. Which for the latter, i also expect a rather large loss, but just NOTas big as it will be for Birch. In addition, for those worrying about or asking if Birch will cut their reamining (and still unsustainable!) divvy during this Q1 report? My guess is probably NO, NOT just yet......but it WILL come before year-end.

I guess in the next few days.....we'll see who the REAL morons areon thisforum.... ME or guys like downwithdotcom?.....Who btw has an appropriate name tag to describe what will eventually happen to ignorant dopes like him..........

LOL............"2 head offices" ...?????........LOL


GLTA

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