Post by
Willikins on Jan 21, 2025 3:27pm
Divy
Press release tomorrow? Divy or no divy.....
Comment by
Realdude on Jan 21, 2025 5:09pm
why would dividend go away??? this company with recent nymex nat gas surge is fring on all cylnders coupled with cap ex under control and organic growth
Comment by
Willikins on Jan 21, 2025 5:21pm
Because of all the debt they've taken on to pay it out
Comment by
PabloLafortune on Jan 22, 2025 8:49am
$3.88 was the average Henry Hub price in 2021. Birchcliff generated $540M of adjusted funds and reduced debt by $262M in 2021. HH Front month is $3.77 this morning. Haven't checked lately but HH strip for 2025 was ~$4 mid last week. My guess is there are a few US producers that need at least $3.50 to maintain production and generate a minimal (8%?) return on equity.