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Birchcliff Energy Ltd T.BIR

Alternate Symbol(s):  BIREF

Birchcliff Energy Ltd. is a Canada-based intermediate oil and natural gas company. The Company is engaged in the exploration for and the development, production and acquisition of oil and gas reserves in Western Canada. The Company’s operations are focused on the Montney/Doig Resource Play in Alberta. Its operations are concentrated in the Peace River Arch area of Alberta. The Company has a 100% working 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. Its Pouce Coupe Gas Plant, which is licensed to process up to 340 million cubic feet per day (MMcf/d) of natural gas, is located in the heart of the Corporation's Montney/Doig Resource Play.


TSX:BIR - Post by User

Bullboard Posts
Comment by Trooper01on Jun 25, 2020 10:09am
307 Views
Post# 31189908

RE:national bank 2.50 target raised to outperform

RE:national bank 2.50 target raised to outperformThis target implies 2.60$ nymex for 2021 and ev/editba ratio of 4.

they are conservative cause the ratio should be 5 and nymex should be 3.00$ In 2021

They said in their report that their 2.60$ nymex forecast can be too low:

Looking forward to 2021, our assumptions for NYMEX and AECO have decreased marginally and continues to stay in line with strip at US$2.60/mcf and C$2.25/mcf, respectively (vs. strip US$2.60/mcf & C$2.30/mcf), but as mentioned above, we note several headwinds which could result in a surprise to the upside for the commodity.


Target should be 3.50$ not 2.50$
Bullboard Posts