Birchcliff Energy Ltd T.BIR

Alternate Symbol(s): BIREF

Energy Oil & Gas E&P

Birchcliff Energy Ltd. is a Canada-based intermediate oil and gas company. The Company is engaged in exploring for, developing, and producing natural gas, light oil, condensate, and other natural gas Liquids (NGLs). The Company's operations concentrated within its core area, the Peace River Arch, which is centered northwest of Grande Prairie, Alberta, adjacent to the Alberta/British Columbia. It is focused on natural gas and light oil drilling areas in North America. The Company is focused on the Montney/Doig Resource Play within the Peace River Arch. It has 100% interest in its Pouce Coupe Gas Plant and two oil batteries, as well as various working interests in numerous other gas plants, oil batteries, compressors, facilities, and infrastructure. Pouce Coupe Gas Plant is in the heart of the Montney/Doig Resource Play. The Gordondale property is located northwest of Grande Prairie, Alberta and consists of the properties in Gordondale.

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Birchcliff Energy Ltd > National Bank PT Upgrade to $6.50

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Comment by NewfNewfon Jun 18, 2021 12:02am

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Post# 33409652

RE:RE:RE:National Bank PT Upgrade to $6.50

The last target i saw from RBC was a Price Target of CAD 5.00

Investment summary
In our view, Birchcliff should outperform its peer group.

Highlights of the story include:
• Birchcliff’s Peace River Arch Montney land position is substantial, with considerable undeveloped land that the company considers low-risk in nature. Birchcliff has identified more than 4,500 horizontal drilling locations.
• Increased recoveries via downspacing and play delineation within Birchcliff’s Montney tight gas asset have potential to add value beyond our price target.

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