Post by
barneyj44 on Mar 16, 2023 11:43am
Is Birchcliff buying back shares?
With the carnage happening in the markets due to the banking meltdown the company should be buying back there daily allotment as it would save a lot in dividend payments. I'm infor the long haul getting.paid to wait. The goal posts are getting closer with Kitimat, debt is manageble and last I looked NG was up .10 cents
Comment by
robert41 on Mar 16, 2023 11:51am
I doubt they can buy back shares gas is too low and they didn't hedge click the insider button on the top right of this page you'll see they haven't bought in a long time. Again they messed any good mgmt would come out and explain why.
Comment by
Poetwhen on Mar 16, 2023 11:54am
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Comment by
barneyj44 on Mar 16, 2023 12:13pm
Bought back to high, you can say that about any Oil and Gas company over the last month. Lol
Comment by
robert41 on Mar 16, 2023 12:36pm
Yah I get it I've been here since spring 2020 they made the right call then and then got cocky thinking it wouldn't end they could have been way smarter and cautious if the just hedged 30% of their production anytime in the last 5 or 6 months it was obvious gas had peaked they Shyte the bed. This is not hind sight it was an easy prudent decision.
Comment by
PlutusofCrete on Mar 16, 2023 2:58pm
Everything is going to be alright. We're in the best shape ever...a little commodity price weakness does not change anything. Time to get ready for round 2 super cycle wave in 2025.