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home / news releases / CA - Birchcliff: Balance Sheet Hit Will Be Larger Than Expected

CA - Birchcliff: Balance Sheet Hit Will Be Larger Than Expected

CA Inc.

2024-06-03 01:31:53 ET

Summary

  • Birchcliff Energy Ltd.'s dividend policy is unsupported by its cash flows and relies on the hope of stable natural gas pricing in 2025.
  • The company's Q1-2024 earnings report showed weak cash flow and a total payout ratio close to 200%.
  • Birchcliff's 2024 outlook indicates a reliance on balance sheet financing for the dividend, with potential risks if commodity prices do not recover.

Note: All amounts discussed are in Canadian Dollars except when mentioned otherwise. ...

For further details see:

Birchcliff: Balance Sheet Hit Will Be Larger Than Expected
Stock Information
Company Name: CA Inc.
Stock Symbol: CA
Market: NASDAQ
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