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Bullboard - Stock Discussion Forum Birchcliff Energy Ltd T.BIR

Alternate Symbol(s):  BIREF

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

TSX:BIR - Post Discussion

Birchcliff Energy Ltd > Birchcliff far from big trouble
View:
Post by barneyj44 on Aug 08, 2023 8:36am

Birchcliff far from big trouble

We’ll use our balance sheet to buffer our shareholders during tough times: Birchcliff Energy CEO

Jeff Tonken, president, CEO and chairman of Birchcliff Energy, (BIR TSX), tells BNN Bloomberg he expects to draw down $50-75 million of debt this year to sustain their dividend. He explains the company’s plans to reduce debt and generate cash flow, and says he expects to see supply issues emerge in the natural gas market and prices to bounce back.

Comment by PlutusofCrete on Aug 08, 2023 8:43am
Thanks Barney - like we've said before...it's going to be okay. 
Comment by mrmomo on Aug 08, 2023 9:08am
Well.........while even though THOSE comments (were wrong then as they are wrong now) by the Ceo are almost 6 months old. You have the RIGHT to your own opinion regarding this situation and it's YOUR choice to do so. BUT that does NOT mean you are correct! Nor that continuous profus babbling of generous amounts of Hopium from folks like Mr. Plutu. As evidently seen in his oblivious comment ...more  
Comment by PlutusofCrete on Aug 08, 2023 9:49am
Thank you kind sir for reiterating my position that everything is going to be okay.  I suggest all readers to click those links and see that it's going to be okay. 
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