On top of all the good news: Upgrade from iA Caoital Markets From this morning upgrade/downgrade analysts view in the Globe and Mail.
iA Capital Markets analyst Michael Charlton increased his target for shares of Birchcliff Energy Ltd. (
) to $4.50 from $4.25 with a “buy” rating. The average is $3.89.
“Birchcliff announced 2020 audited results and reserve highlights, largely in line with the previously announced unaudited figures. The real meat and potatoes here is that the Company is reiterating its guidance on production and capital expenditures, with the exception of one thing, cash flow. To us this says all is going according to plan, with better-than-anticipated results,” said Mr. Charlton.
What could we ask more $ 5,00 range share price for now !