Post by
downwithdotcom1 on May 15, 2024 5:57pm
Q1 results out....
Q1 adjusted cashflow was 25 cents, concensus was 23 cents. Analysts predicted a bad quarter...with the current nat gas price deck and no hedging what was to be expected?? Seems some good news on the drilling front with wells outperforming. Dividends costing $107 mill annualized, not sure why they intend to keep it-i guess they think they can get a handle this with higher liquids production and a permanent shift to higher nat gas prices with LNG Canada starting to take gas any month now..dwdc
PS ..Q1 results released right after the markets closed EXACTLY AS PROMISED...
Comment by
DeepValueOil88 on May 15, 2024 7:33pm
No. Birchcliff could be $2.00 tomorrow.
Comment by
2young2invest on May 15, 2024 7:57pm
Adjusted funds flow is some made-up bullshit number for dummies who can't read financial reports. But bad results don't guarantee that stock will go down either. Gamestonks are a good example of that.
Comment by
kavern23 on May 15, 2024 8:59pm
And aeco spot dropped to like 1 dollar today..and the dividend beat goes on. never seen a stock market like today, look at pincliff up today so market is so nuts and crazy, never know what Birchcliff may do..stock price may hold out of number of bullish nut cases that have more money than brains
Comment by
itsalie on May 16, 2024 7:20am
So you bash on this board and the pne board?
Comment by
PlutusofCrete on May 16, 2024 9:34am
The guidance is not accurate. It will be worse. Divy will be cut again in January. Debt will be higher than 1 times funds flow. Repeat of last year is coming. : (
Comment by
itsalie on May 16, 2024 9:41am
you should probably sell now and move on don't you think?