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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 Maxmoeon Jun 28, 2024 11:51am
222 Views
Post# 36110844

SHHH

SHHHDon't tell anyone but I got a big fat divy today and was happy to get it. Normally I would rant about what a useless exercise it is to pay a big divy for any resource producer. Buying back stock just makes more sense. But I wanted a new lawn tractor so thanks to BIR for my new cub cadet. It's like it's "free" to me because I did NOT buy this stock for the yield. I bought it for upside to natgas and I made good money ages ago with jeff tonken. So he's stepped aside, and the divy persists. No action on the buybacks. But the upside to natgas remains without a huge hedgebook....I hope. If that aint there anymore with the new mgmt, I'll cash out. 
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