Bullboard - Stock Discussion Forum Birchcliff Energy Ltd T.BIR

Alternate Symbol(s): BIREF

Energy Oil & Gas E&P

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

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TSX:BIR - Post Discussion

Birchcliff Energy Ltd > Why not a buyout ?

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Post by bossu on Aug 09, 2023 11:15am

Why not a buyout ?

TOU,
It's time for action....
GO Go

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Comment by barneyj44 on Aug 09, 2023 7:01pm

If it keeps adding 3% a day who needs a buyout. Lol

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Comment by downwithdotcom1 on Aug 09, 2023 7:55pm

word around the campfire is that its getting harder and harder to raise cash for take-overs in the patch these days. Mergers of EQUALS or all share TOs are still possible thou. I believe that BIR will have one of the worst among some tough results in this Q2 for nat gas producers. Still holding, but this dividend may have to be re-examined in view of both AECO/NYMEX pricing..see what happens ...more

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Comment by mrmomo on Aug 10, 2023 8:23am

Agreed on EVERYTHING you said.........Unfortunately. As to the difficulty in "raising capital" for the Canadian O&G sector, for whatever reason it may be, be it for M&A or to support/advance ongoing operations, is a faaaaar cry from the Rock & Rolln" good times situation it was in the 90's or even around as recent as 2010. In it's heyday, the M&A business ...more

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Birchcliff Energy Ltd