Birchcliff Energy Ltd T.BIR

The dividend should go

[Skylar1]

As much as i love getting paid i thing they should drop it for the year and pay down debt , interest is high and gas prices are low . Jeff done a great job so far but no one is right 100% of the time. Take a page from PNE,  paid div after debt free. My opinon . GLTA

[barneyj44]

I think Jeff is fine adding some debt in this low NG cycle. Just as prices didnt stay high for very long they most likely won't stay low for ever. Lng Canada is getting closer and closer(Finally). I'm still in the camp that an Asian  overseas buyer will make us an offer.

[robbyrob]

I agree. Jeff said that dividend is funded at close to these Henry hub prices and that he would cut capital expenses before cutting the dividend so good on him for doing what he says. If he were to cut it then I'm sure the stock price would fall because dividend seeking investors would no longer have a decent dividend stock so may want out. Also, Jeff would lose credibility by doing something

[Burgersandfries]

He actually said it was funded at 3 dollar gas that why debt has gone up...peyto released today pretty good numbers paid down debt too. See how they perform tomorrow. Peyto is the safer bet bir more torque with higher gas prices

[svsingh83]

In BIR Vs PEYTO, Peyto wins hands down. Hedging is the main component in commodities. World needs NG and will need more of it as countries wean off coal. Even crematoriums are switching to NG replacing wood. Asia/India are densely populated NG demand for all needsis going to climb.

[bossu]

The barn is not burning ! Debt is not out of control and dividend is OK

[Skylar1]

Hey bossu i didn't say the barn is burning , but nobody knows if the price of gas will be $2.00 all summer or less so why not pay down debt and when things improve he has the option to pay a special div  or reinstate the div. 

[sergio2go]

My understanding of the board's vision his to reward shareholders by a payment of a solid dividend. It might need to be paid by increasing the debt that is very manageable for now. It's looks like this is a short term option. I am not expecting this way of reward to be extended for a long period of time. It is transitory until the price of naturel gaz increase. And this should not take for