Birchcliff Energy Ltd T.BIR

5 year debt reduction...

[bossu]

Outstanding...debt reduction
Total at year end
2021    $ 635 to $ 655 M
2022    $ 490 M
2023     $ 330 M
2024     $ 165 M
2025     $ ($ 85 M)

Probably dead in 2025 but nice  debt reduction !
Do you belive Mr Tonken 5 year plan?

[barneyj44]

Thanks for the table Bossu, would be nice if they could raise the dividend while we wait it out.

[bossu]

I should have post the debt revised guidance at year end 2020 (April 13 2020) to the amount of $ 770 M to $ 790 M, Just to say that $ 635 M to $ 655 M in 2021 look promising !

[LNGStrong]

Funny you should ask about do we believe in Jeff Tonken.  I'm encouraged by todays news release and 5 year plan but I was actually expecting more given the below:   From Q3:  Birchcliff now anticipates that total debt at year end will be $740 million to $760 million (previously $750 million to $770 million), a further reduction of $24 million to $44 million from

[LNGStrong]

should read, see page 20 not 30.

[Trooper01]

666M was the net debt end of Q3-2020  600M should be net debt YE2020  The budget release take into account total debt and not the net debt Imho

[LNGStrong]

I hope you're right trooper! Both say 'total' debt but if it's cash debt then much better. Annual debt pay down at minimum should add $0.49-0.60/share intrinsic value as the EV increases with lower leverage. Id gladly take this or a mix of share buybacks then a dividend increase

[Trooper01]

I hope im right too LNG lol :) i agree 100% on the dividend, i personnaly dont need it  I say keep the dividend for 2025 ... With debt free they will pay 0.50$ a share then hehe