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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

TSX:BIR - Post Discussion

Birchcliff Energy Ltd > the share buybacks
View:
Post by andy604 on Jan 18, 2022 1:08pm

the share buybacks

It looks like they bought  back a great number of shares, could be maybe 5% do you think?
Comment by robert41 on Jan 18, 2022 1:42pm
That would mean about 13 million shares give or take... I think the number is closer to 4 million which as you can see has no effect on the share price given our float was about 266 million. I think the buy backs are a waste of money. It might show up in a few years if gas stays high and they have bought back 30 million plus and have lowered the float to a meaning full number. This is for longer ...more  
Comment by andy604 on Jan 18, 2022 1:49pm
I agree 100%  , debt first , anything else does not matter, they can buy back after debt is next to zero. 
Comment by barneyj44 on Jan 18, 2022 3:45pm
Agree, stop the buybacks unless the company has the 4 sale sign out. Pay down debt or pay me a half decent dividend to stay long .
Birchcliff Energy Ltd
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