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

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Post by newcoinon Nov 16, 2023 12:21pm

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Post# 35739400

Trevor Rose's Insights - 5i Research - Birchcliff Energy

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Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

The update was slightly negative as free cash flow missed estimates. Earnings did as well. Spending was 'slightly higher' which also added to debt. EPS was 6c vs 9c expected. Cash flow was $71.4M vs estimates $85.6M. Production fell 5% to 74,143 b/d. Per share cash flow was 27c vs $1.01 last year. Capex was $67.5M. Production was in line with estimates. 12-month payout ratio is still below 50% on operating cash flow. Consider strong growth is still expected in 2024, the stock's decline seems a bit harsh to us. The balance sheet also remains in excellent shape.
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