Post by
Sunsurfer12 on Apr 04, 2023 6:03pm
BNN interview
Not liking what i'm hearing..CEO says he is sticking with his dividend even if he has to take on debt..right now looking at $50m debt to fund divy at current prices..then when times are good we will repay..hahaha..never seen that story work out well...i'm staying out for now in afer names where they have better marketing programs to boot like TOU and ARX
https://www.bnnbloomberg.ca/video/we-ll-use-our-balance-sheet-to-buffer-our-shareholders-during-tough-times-birchcliff-energy-ceo~2661388
Comment by
Poetwhen on Apr 04, 2023 7:49pm
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Comment by
barneyj44 on Apr 04, 2023 10:01pm
Love my fat quarterly dividend payments. Jeff and team paid off a ton of debt when times were good. A little added debt wont be a problem with our fairly clean balance sheet. Wouldnt be at all surprised to see a buyer once Lng out west gets up and running.
Comment by
Poetwhen on Apr 04, 2023 10:07pm
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Comment by
PlutusofCrete on Apr 04, 2023 10:32pm
It's temporary. Commodity prices will rebound.
Comment by
Poetwhen on Apr 04, 2023 10:34pm
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Comment by
PlutusofCrete on Apr 04, 2023 10:48pm
When the time is right I will reinvest my BIR dividends into TOU. Building a cash position at the moment and very happy with BIR's assistance. I still believe that TOU will acquire BIR within the next 5 years.
Comment by
barneyj44 on Apr 04, 2023 11:00pm
Poetwhen that's the beauty of investing in Canadian Oil and Gas companies. Plenty of good choices with varing dividend strategies. The one thing that they all finally get is don't drill yourself into oblivion. Share holders want and demand to see returns either through dividends, special dividends, share buybacks and debt reduction...
Comment by
AlwaysLong683 on Apr 05, 2023 10:27am
The two steps to success in the natural gas E&P business: 1) Watch what TOU does.. 2) Do the same thing. Tonken must have skipped that class at CEO college.
Comment by
PlutusofCrete on Apr 05, 2023 11:18pm
It is a very big deal that Ksi Lisims LNG was discussed by Jeff on the BNN interview. It is also important to note that the lawsuit brought by Steelhead LNG was shot down.