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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 > Birchcliff 80 cent dividend
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Post by robert41 on May 16, 2022 8:20pm

Birchcliff 80 cent dividend

I look forward to seeing how this works... I suspect in order to accomplish a move from 8 cents to 80 cents in 2023 we should be looking at sizeable divi increases in the next few quarters. Maybe surprise one here and there just to keep the shorts on their toes... hopefully Jeff expands on the plan at the end of the second quarter. Any thoughts?
Comment by revxm on May 16, 2022 10:17pm
I don't think there will be any increases until debt is gone, them the sky is the limit imo
Comment by robert41 on May 16, 2022 10:52pm
Yah well you don't go from 8 cents to 80 cents in a couple of quarters. At these prices we may be debt free during q3 that's not far away. They doubled it this quarter I'm sure there will be an increase next quarter given the gas price.
Comment by Dragon1 on May 17, 2022 8:32am
Europe will spend the summer stocking up on NA gas,we should see strong prices right trough 2023.BIR will be debt free and FFC will generate strong div as expected.
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