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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
Post by Trooper01on Oct 16, 2020 1:20pm
239 Views
Post# 31729107

a bit of math on this sunny friday

a bit of math on this sunny friday

2021 cash flow= 400M

2021 capex =200M

2021 FCF = +200M


end of F2020 net debt• 700M

End F2021 netdebt = 500M

2022 nat gas prices should be as good or better than 2021 according to experts

2022 cashflow = 400M

lets say capex at 250M

2022 FCF= 150M

End of F2022 netdebt=350M

end of F2022 net debt to cash flow under 1.0

Cash flow ratio 5.0 x 400M = EV 2.0 B

EV - net debt
2.0B - 350M= 1.65 B Market cap

1.65B market cap divise by 266M shares = 6.20$ a share end of F2022
 

Bullboard Posts