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Bullboard - Stock Discussion Forum Birchcliff Energy Ltd T.BIR

Alternate Symbol(s):  BIREF

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 > Debt free in 2023
View:
Post by Grandcentral on Jan 19, 2022 5:00pm

Debt free in 2023

Has a nice ring to it.
THIS IS INCREDIBLE. No other company can achieve this off current production plan and or without selling off significant assets to fast track. A phenomenal turnaroud with the unhedged risk paying off hugely.
GLTA
Comment by Burgersandfries on Jan 19, 2022 5:10pm
Lol ...yes it sounds good a lot of us have been here a long time you are new to Bir so it sounds good...I think most of us were expecting debt free third Q this year. Probs the most uneventful guidance release by any co this year. I hope they have lots of powder for all those shares coming their way at cheaper prices than what they have been paying. They paid $6.70 a share the other day knowing ...more  
Comment by DeepValueOil88 on Jan 19, 2022 5:19pm
Exactly as called! Emormous reduction of the debt and its expense. Magnificent Free Funds Flow at $1.43/1.32 range. That is a sustainable dividend at this strip pricing by definition. If that dividend is 5% at $1.43, please solve what the SP should be. This is without commodity inflation or further growth or other improvements. Well done JT.
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