Post by
LNGStrong on Jan 20, 2021 4:48pm
5yr Plan
https://www.globenewswire.com/news-release/2021/01/20/2161713/0/en/Birchcliff-Energy-Ltd-Announces-2021-Capital-Program-and-Updated-Five-Year-Plan.html?ev=1
assumptions are reasonable if not on the slightly low side of avg commodities, but the FCF plan looks great going forward. lots of room left on credit line to pull from and plenty of space to remain within capital spending should things go south.
BIR stylin; given a debt free balance sheet by mid 2024 and LNG Canada then providing further add'l cashflow for options on capital spending when they can take part in Global gas pricing. When JKM is asking for $30 cargoes, it'll cash will rain on BIR headquarters.
Long and LNGSTRONG,
GLTA
Comment by
barneyj44 on Jan 20, 2021 5:15pm
Thanks for the post, looks like a good plan, would be nice to see some cold weather as none of our production is hedged. Any insight from our bulletin board would be greatly appreciated.