Post by
bossu on Sep 12, 2022 3:38pm
Debt reduction faster than anticipated and dividend increase
Debt reduction
As of March 31 debt was $ 409 M
As of Jube 30...................$ 276 M
Total reduction in the Q2 $ 133 M
Just looking at the natgas futur chart price in the Q3 it is quite obvious that
BIR will reduce the debt at a faster than anticipated rate and I would not be surprise that debt shoud be under $ 100 M and zero debt before the end of November.
At the time of the Q3 Finacial Report on or about November 12 it will be a perfect time for a dividend increase .
Thank you Jeff
Comment by
itsalie on Sep 14, 2022 4:06pm
I think you are right.. divvy increase over what is almost a none existent divvy would be nice..
Comment by
HighOctane89 on Sep 14, 2022 8:24pm
I don't want to rain on the parade but Bir will also retire all A and C series prefered shares on Sept 30th so between that and getting debt to zero I think January 2023 is more realistic for unleashing the dividend hounds . Either way , Bir is on the verge of paying some very healthy dividends that make this share price look woefully undervalued .