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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 downwithdotcom1on May 15, 2024 5:57pm
323 Views
Post# 36042128

Q1 results out....

Q1 results out....Q1 adjusted cashflow was 25 cents, concensus was 23 cents. Analysts predicted a bad quarter...with the current nat gas price deck and no hedging what was to be expected?? Seems some good news on the drilling front with wells outperforming. Dividends costing $107 mill annualized, not sure why they intend to keep it-i guess they think they can get a handle this with higher liquids production and a permanent shift to higher nat gas prices with LNG Canada starting to take gas any month now..dwdc

PS ..Q1 results released right after the markets closed EXACTLY AS PROMISED...
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