Birchcliff Energy Ltd T.BIR

Trading like an oil company

[barneyj44]

Nat gas up .16 cents and we’re down again today, what are we Oil or NG. No use averaging down until who ever wants out is done selling.

[topdown99]

It makes no sense barney , especially when considering BIR . I didn't want to answer on the ARX board as this has nothing to do with that one but look at the price swap contracts that BIR holds . The difference between NYMEX and AECO is now paying BIR dividends . All these gas stocks should be rocking but big money won't allow these moneymankers to trade at a fair value . Its more

[barneyj44]

Thanks Top-down, Tonken needs to up the dividend if he wants to keep any interest in Birchcliff, its fine to pay off some debt but I want to get paid staying long in a volatile sector.

[Beakr123]

He was pretty clear in an interview earlier this year that paying down debt is the priority as that is what he was hearing from investors. I wonder if that plan may change somewhat and allow for a divi increase?

[barneyj44]

I sure hope he ups the dividend. My paper gains on Bir and Arx are evaporating quickly. This is why nobody except gamblers are investing in this sector.

[Oldnagger]

Anyone who sold BIR yesterday doesn't know his gas from a hole in the ground !!

[Tothemoon2]

In the first Q 45% of rev came from the sale of liquids,(light oil 12%, condensate 22% and NGLs at 1%).  Should be a good Q but next one much better.  Does anyone think they are hedgeing any production? In the first Q they drilled 19 of the 27 wells they plan on drilling this year. Capital expenditures of $95m during Q1 leaving say $125m for the rest of the year.  Should help the

[barneyj44]

Last time Tonken was on Bnn he made the point that Birchcliff was completely unhedged. I don't know if he has added any hedges since that interview .

[Tothemoon2]

Was that the June 10th appearance?  I wouldn't blame them for putting on a few at these prices today.  

[certified8]

Tonken on BNN February 11 2021 https://www.bnnbloomberg.ca/video/debt-repayment-instead-of-growth-is-what-producers-are-focused-on-birchcliff-energy-ceo~2137728 Tonken of BNN June 12 2021 https://www.bnnbloomberg.ca/video/investors-will-come-back-to-the-canadian-energy-sector-birchcliff-energy-ceo~2219452 Jeff stated still unhedged on this date Q2 results on the 11th August I have some cash

[barneyj44]

Great info certified8 thankyou.

[PlutusofCrete]

Thanks Certified....quick question though...why wait until Monday?  Are you expecting the share price to continue to slide into Monday and then rebound post the results on the morning of Thursday? Just wanted to understand the rationale on holding the trigger for a few days. I also have some cash ready but maybe I should wait?  You mentioned being with BIR when the share price went to

[Tothemoon2]

Thanks  The June video was the last one I knew of.  Before the two minute mark in the video he talks about free cash flow being 220 million at the current strip at that time.  That number was already $30 million more than the top end of guidance the gave in the Q1 release 30 days prior.  What have nat gas prices done since June 12th?

[shenty46]

This time when he comes after results on 11th august, in stead of  220 million it would be excess of 300 million.