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 [...]
Birchcliff Energy Ltd. is pleased to announce that the Toronto Stock Exchange has accepted the notice of Birchcliff's 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, 2021. The NCIB allows Birchcliff to purchase up to 13,267,554 common shares over a period of twelve months commencing on November 25, 2021 [...]
Birchcliff Energy Ltd. is pleased to announce its financial and operational results for the three and nine months ended September 30, 2021, its updated 2021 guidance and its preliminary outlook for 2022. "Birchcliff delivered exceptional third quarter results, highlighted by record quarterly adjusted funds flow of $168.1 million and free funds flow of $150.1 million, with quarterly average production of 84,924 boe/d [...]
Birchcliff Energy Ltd. is pleased to announce various executive leadership changes. Effective January 1, 2022, Birchcliff's expanded Executive Team will be as follows: A. Jeffery Tonken - Chief Executive Officer and Chairman of the Board of Directors Christopher Carlsen - President and Chief Operating Officer Bruno Geremia - Executive Vice-President and Chief Financial Officer Myles Bosman - Executive Vice-President [...]
As a result of the quarterly review, S&P Dow Jones Indices will make the following changes to the S&P/TSX Composite Index prior to the open of trading on Monday, September 20, 2021: S&P/TSX COMPOSITE INDEX - September 20, 2021 COMPANY GICS SECTOR GICS SUB-INDUSTRY ADDED Birchcliff Energy Energy Oil & Gas Exploration & Production ADDED Bombardier Inc. Class B SV Industrials Aerospace & Defense ADDED Converge Technology [...]
Birchcliff Energy Ltd. is pleased to announce that its board of directors has declared the following quarterly cash dividends for the quarter ending September 30, 2021: Shares TSX Stock Symbol Dividend per Share Common Shares BIR $0.005 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 October 1, 2021 to [...]
Birchcliff Energy Ltd. is proud to announce its financial and operational results for the three and six months ended June 30, 2021. "Birchcliff had an excellent second quarter in 2021, with solid average production of 75,265 boe/d which resulted in $90.2 million of adjusted funds flow, a 315% increase from Q2 2020. Our average production in July exceeded 85,000 boe/d based on field estimates and we are on track to meet [...]
Birchcliff Energy Ltd. is pleased to announce the release of its 2020 ESG Report, which details the Corporation's environmental, social and governance activities and performance metrics for the year ended December 31, 2020. Birchcliff is committed to remaining a leader in all aspects of ESG performance. In 2020, Birchcliff continued to find innovative ways to improve emissions performance and protect the environment [...]
Birchcliff Energy Ltd. is pleased to announce that its board of directors has declared the following quarterly cash dividends for the quarter ending June 30, 2021: Shares TSX Stock Symbol Dividend per Share Common Shares BIR $0.005 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 June 30, 2021 to shareholders [...]
Birchcliff Energy Ltd. is pleased to announce that at its Annual Meeting of Shareholders held on May 13, 2021 , shareholders elected all five of the proposed nominees listed in Birchcliff's information circular dated March 24, 2021 . In addition, shareholders approved all other matters voted upon at the Meeting. The matters voted upon at the Meeting were discussed in detail in the Information Circular, a copy of which is [...]
Birchcliff Energy Ltd. is proud to announce its strong financial and operational results for the three months ended March 31, 2021. Birchcliff is also pleased to announce that it is maintaining its 2021 F&D capital expenditures guidance and increasing its 2021 production, adjusted funds flow and free funds flow guidance. "Birchcliff had a strong first quarter in 2021, highlighted by excellent drilling results. The [...]
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