Birchcliff Energy Ltd T.BIR

Debt reduction $50 million less than guidance.

[Tothemoon2]

Not seeing anything great in the report to me.  Were the NCIB share purchases to offset stock grants?  GLTA

[Burgersandfries]

To me it's a good report but as expected! I like there's no divi increase it's so insignificant now best to wait on that. They have made great strides in 2021...the big story starts a next fall if gas holds in around $4 plus if gas goes higher sooner with a hot summer all the better for bir...on the right track for sure.

[integrity11]

Agree Burger, the debt payoff at Q1 will be impressive. Great job by Bir management.

[bossu]

So better go playing in another park. You just have to have some ''look forward'' vision !  BIR look to me very promising and coming back from a stormy weather and heading  in a very promising futur. Big factor to consider ::Nat Gas pricing variation !

[PlutusofCrete]

Yes, a majority of the NCIB purchases were to offset new option grants and exercised options in 2021.  However, this is not entirely a waste as the purchases throughout the year helped support the share price.  Plus, the newly granted options won't be exercisble any time soon.