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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Birchcliff Energy Ltd > New CEO comments

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Post by sergio2go on Jan 18, 2024 12:28pm

New CEO comments

From my point of view, it looks like that new CEO have a more down to earth vision for the shareholders. That dividend cut was expected by all but on the other hand the yield remains attractive and the payout ratio is more reasonable. At the same time, that CEO remains commited to improve the numbers on the one hand and maintainig the dividend for the long term. My only concern is regarding is view for hedging, view that was not well established in is comments on BNN this morning. Overall, i remain confident on this stock for the long term.

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