Bullboard - Stock Discussion Forum Birchcliff Energy Ltd T.BIR

Alternate Symbol(s): BIREF

Energy Oil & Gas E&P

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... see more

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Birchcliff Energy Ltd > Earnings Accreative....

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Post by TouchDown12 on Aug 20, 2021 10:44am

Earnings Accreative....

When do you know how share buybacks are accreative or not? With BIR buying it's stock in the 4.30's, how is it accreative to earnings? IN other words, when is it better to buy back shares verses drill more wells (production) relative to earning per share? Just asking. Thanks. TD12

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Comment by PlutusofCrete on Aug 20, 2021 11:06am

I think Mgmt wants to stay away from more drilling as it will go against what they have been communicating to shareholders and the public. If they start more drilling it will drive the share price down as it did back in Jan 2020 when the markets weren't happy with Jeff's capex plan. Then COVID hit and the capex plan was revised. Everyone is tired of the undervalued share ...more

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Comment by Oncourse on Aug 21, 2021 11:43am

They have to drill as to keep their production up to current levels. But they are sticking to their 5 year plan as they will only have 2 rigs drilling a total of 25 wells this coming winter, a lot of them are on existing pads and that will keep their cost down considerably. OC

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