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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 > company needed that divy cut
View:
Post by JefferySkillng on Jan 31, 2024 2:11pm

company needed that divy cut

just maintain production and pay off debt thats all these guys should be doing infact cancel the divy all together.. price of oil will only stay up so long and well these guys are gas and thats just a sad story there
Comment by 2young2invest on Feb 01, 2024 1:26pm
With current NG prices, even if they cut divs to ZERO, they still will be losing money. Funny bagholders over here...
Comment by PlutusofCrete on Feb 01, 2024 1:43pm
It will turn around...buying back in around mid $3s. 
Comment by houbahop on Feb 03, 2024 7:13am
There is a gap to be filled at $3.75. It looks like a good entry level, imo.
Comment by PlutusofCrete on Feb 03, 2024 9:39am
Sadly that is looking more and more like a possibility.  At that price the stock will be yielding more than 10% again and I suspect another dividend cut to 20 cents.  If that cut happens, perhaps another drop to low or mid $3s?  Not sure we can be confident that the 40 cents is secure. 
Comment by dandu1924 on Feb 04, 2024 10:49am
and they said before, the dividend is safe.  I dont like this kind of lies.
Comment by barneyj44 on Feb 04, 2024 1:11pm
Birchcliff said they would commit to the dividend for 2023 and that's exactly what they did.
Comment by PlutusofCrete on Feb 04, 2024 2:04pm
Agree with Barney - they have also committed to the 40 cents for 2024.  Please do not expect the 40 cents to be safe. I suspect a change to 20 cents in 2025.  I am not trying to scare anyone out of their shares....just look at the weather. 
Comment by dandu1924 on Feb 04, 2024 5:06pm
and the share  price from $12.45 to $ 4.84 in 18 months, WOW  this is very amazing. BRAVO  BIR management.
Comment by PlutusofCrete on Feb 04, 2024 5:26pm
I know...it hurts...I feel the pain. But imagine how quickly the SP could turn around if we see upside in natural gas. Might see us jump back to the $7-8 range. $12 only if we see serious escalation in Europe and Mideast Wars. Sad situation but I learned and am ready for the next round. 
Comment by PlutusofCrete on Feb 05, 2024 11:41am
BIR acting like a widow maker. 
Comment by robert41 on Feb 05, 2024 11:49am
Plutos not sure if you follow aav but have a look they must be doing something right. I hope that the opening of kitimat is the stabilizer for all these companies time will tell .
Comment by PlutusofCrete on Feb 05, 2024 12:37pm
I think they are getting benefit for their Entropy investment and probably some hedges...but it is just a matter of time with their AECO exposure...the drop is coming. AECO will go to $0 or negative as it has done in previous summers. So sad how quickly this cycle has fallen apart. : (  Looking to re-enter my position after Q3 2024 results or 2025 Budget Update in Jan 2025
Comment by PlutusofCrete on Feb 05, 2024 3:55pm
Prelim 2023 results come out next week. I expect the 2024 guidance to be adjusted and the share price will fall further. Low $4s by end of Feb. Who is buying under $4s? I will start accumulating again. 
Comment by robert41 on Feb 05, 2024 11:44pm
If I'm going back to gas it would be hard to choose Bir to many better names. They should have cut the whole divi. I don't see a catalyst for gas except kitimat opening but who knows how much it will help
Comment by muslix1 on Feb 06, 2024 3:49pm
big joke today again
Comment by houbahop on Feb 06, 2024 5:24pm
Death by a thousand cuts... In current conditions, dividend should be eliminate completely. Markets worldwide are flooded with gas, HH and AECO spot markets are around $2. Put transport in the equation and there is no CF to make. BIR looks like fresh meat for shorts.
Comment by Gmcdonagh89 on Feb 07, 2024 7:44am
3.50 has been my target for last 2 months, at that point it's a take out candidict 
Comment by PlutusofCrete on Feb 07, 2024 8:48am
Does that mean start a position at $3.50?
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