Birchcliff Energy Ltd. is pleased to announce its unaudited 2022 full-year and fourth quarter financial and operational results and highlights from its independent reserves evaluation effective December 31, 2022. "2022 was a record year for all of Birchcliff's cash flow metrics. We generated record annual adjusted funds flow of $953.7 million, record annual free funds flow of $589.1 million and record annual net income to [...]
Birchcliff Energy Ltd. is pleased to announce that its board of directors has declared a quarterly cash dividend of $0.20 per common share for the quarter ending March 31, 2023. Birchcliff is also pleased to announce its five-year plan for 2023 to 2027 and its 2023 budget and guidance. "Our board of directors has approved a new five-year plan for 2023 to 2027, which is designed to generate substantial free funds flow [...]
Birchcliff Energy Ltd. is pleased to announce that its board of directors has declared a quarterly cash dividend of $0.02 per common share for the quarter ending December 31, 2022. The dividend will be payable on December 30, 2022 to shareholders of record at the close of business on December 15, 2022. The ex-dividend date is December 14, 2022. The dividend has been designated as an eligible dividend for the purposes of [...]
Birchcliff Energy Ltd. is pleased to announce that the Toronto Stock Exchange has accepted the Corporation's notice of intention to make a normal course issuer bid . The NCIB effectively renews the Corporation's existing normal course issuer bid which is set to expire on November 24, 2022. The NCIB allows Birchcliff to purchase up to 13,295,786 common shares over a period of twelve months commencing on November 25, 2022 [...]
Birchcliff Energy Ltd. is pleased to announce its Q3 2022 financial and operational results. "Birchcliff continued to deliver exceptional results in the third quarter, highlighted by quarterly average production of 78,079 boe/d, which resulted in record Q3 adjusted funds flow of $267.4 million ), record Q3 free funds flow of $182.0 million ) and record quarterly net income to common shareholders of $244.6 million [...]
Birchcliff Energy Ltd. is pleased to announce a special dividend on its common shares, its preliminary 2023 guidance and updated 2022 guidance. Jeff Tonken, Birchcliff's Chief Executive Officer, commented: "By the end of 2022, we expect to have retired approximately $840 million of total debt and preferred shares since June 30, 2020, nearing our goal of zero total debt. As a result, our board of directors has declared a [...]
Birchcliff Energy Ltd. is pleased to announce that its board of directors has declared a quarterly cash dividend of $0.02 per common share for the quarter ending September 30, 2022. The dividend will be payable on October 3, 2022 to shareholders of record at the close of business on September 15, 2022. The ex-dividend date is September 14, 2022. The dividend has been designated as an eligible dividend for the purposes of [...]
Birchcliff Energy Ltd. is pleased to announce that it has filed its annual audited financial statements and related management's discussion and analysis and its annual information form for the financial year ended December 31, 2021 on the System for Electronic Document Analysis and Retrieval . The Financial Statements are consistent with the unaudited financial results disclosed in the press release issued by Birchcliff [...]
Birchcliff Energy Ltd. is pleased to announce that its board of directors has declared the following quarterly cash dividends for the quarter ending March 31, 2022: Shares TSX Stock Symbol Dividend per Share Common Shares BIR $0.01 Cumulative Redeemable Preferred Shares, Series A BIR.PR.A $0.523375 Cumulative Redeemable Preferred Shares, Series C BIR.PR.C $0.4375 The dividends are payable on March 31, 2022 to shareholders [...]
Birchcliff Energy Ltd. is pleased to announce its unaudited 2021 full-year and fourth quarter financial and operational results and highlights from its independent reserves evaluation effective December 31, 2021. "2021 was a record year for all of Birchcliff's cash flow metrics. We generated record annual adjusted funds flow of $539.7 million, record annual free funds flow of $309.3 million and record annual net income to [...]
Birchcliff Energy Ltd. is pleased to announce its 2022 budget, guidance and updated five year plan. "Birchcliff remains committed to increasing shareholder value, which we intend to accomplish by maximizing free funds flow generation and significantly reducing indebtedness. In alignment with these priorities, our board of directors has approved a new five year plan for 2022 to 2026 that provides for potential cumulative [...]
Birchcliff Energy Ltd. is pleased to announce that its board of directors has declared a quarterly cash dividend of $0.01 per share on its common shares for the quarter ending December 31, 2021, which represents a 100% increase over the prior quarterly common share dividend of $0.005 per share. Jeff Tonken, President and Chief Executive Officer of Birchcliff, commented: "While free funds flow is currently prioritized [...]