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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 > Fluctuation
View:
Post by fishcarrier on Sep 15, 2022 1:22pm

Fluctuation

in NG prices, were apparently occasioned by the impending railroad strike that isn't going to happen now it seems. A strike would cripple coal transportation, resulting in using NG instead. Hence the earlier up and now the down. 

All the same, I wouldn't be a bit surprised that when BIR next announces Q3 results in November they will be able to announce debt at zero. That may not lead to a divvy increase until next year, but it should give the stock a  big lift. That's just mho....
Comment by HighOctane89 on Sep 15, 2022 1:41pm
The series A and series C prefered shares will be retired on Sept 30th , although there are only about 3.6M shares in total , I'm not sure of the price (or value) of those shares . It is all accounted for already and some long term debt will also get paid off but I don't think they will be "zero debt" by the end of Q3 . Bir will however be close and will know how much of Q4 will ...more  
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