Birchcliff Energy Ltd T.BIR

BRACE FOR IMPACT!

[goldenrivit]

UPS and many large corporations are saying a recession is fast killing the economy.So nat gas prices will be under the cost of production for much longer than an unheged company can afford to pay out.So I expect BIR will be forced to admit that the current div can not be paid out at the current 10% on the May 10 earnings call.If they can not pay it the SP will fall.If they go ahead and borrow for it the SP will fall.I think at $6 they stock would be a buy hand over fist.

[PlutusofCrete]

Oh no - we will go bankrupt. My life is over!  Just kidding....it's going to be okay folks. 

[PlutusofCrete]

Just to add to this...if a divy cut comes it will come in Q1 of 2024.  Jeff has come out publicy and stated dividend is safe for 2023 - he would not come on TV and make such remarks without the blessing of the Board. No one wants to lose face in this situation not executive leadership team and not the Board.  AGM is right after May 10 release - there is no way they will cut the divy

[Burgersandfries]

Plutos if a divi cut were to come at the end of the year that means gas prices still suck bir is bringing on debt  the share price will be down a bunch more then add a divi cut look out..just sayin.:.bir needs the gas price to turn they got cocky and placed a bet on red and the ball is on black... the hedged guys are struggling too but at least they have protected their balance sheets a bit.