Bullboard - Stock Discussion Forum Birchcliff Energy Ltd T.BIR

Alternate Symbol(s): BIREF

Energy Oil & Gas E&P

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

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Birchcliff Energy Ltd > New Press Release - Birchcliff Energy Ltd. Announces 10-Fold Increase to Quarterly Dividend and Declaration of Q1 2023 Dividend of $0.20 Per Common Share, New Five-Year Plan and 2023 Budget and Guidance

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Post by PressRelease on Jan 18, 2023 4:00pm

New Press Release - Birchcliff Energy Ltd. Announces 10-Fold Increase to Quarterly Dividend and Declaration of Q1 2023 Dividend of $0.20 Per Common Share, New Five-Year Plan and 2023 Budget and Guidance

CALGARY, Alberta, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce that its board of directors has declared a quarterly cash dividend of $0.20 per common share for the quarter ending March 31, 2023. Birchcliff is also...read article.

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Comment by robert41 on Jan 18, 2023 4:02pm

News should be out soon interesting times

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Comment by robert41 on Jan 18, 2023 4:13pm

Ok that's weird I thought my post was attached to another post not sure how it attached to the release. Well we now know the number. Maybe the market sells it down where rustic actually buys :)

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Comment by DeepValueOil88 on Jan 18, 2023 5:13pm

Canadian asset managers will park vast amounts under $9 to earn 9% yield anticipating a double by December 31, 2023. Birchcliff target price with 5% boost is $27 for strategic acquisition. Dividend should be 4.5% at $18, and 50% premium on that price. This business can produce dividends approaching $2 per share per year over coming 5 years. Way to go JT.

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