About Tourmaline «Average 2021 production grows to an expected range between 405,000 - 420,000 boepd from previous guidance of 400,000 at the midpoint. Forecast 2021 cash flow ("CF")(2) grows to $2.23 billion (3) ($7.69/fully diluted share) from the previous $2.21 billion ($7.42/fully diluted share).
Share price : $ 29,25
Cash flow $ 7,69
Ratio 3,8
Just appying the same ratio for a ''gas producer'' like BIR with a 23 % liquid poduction...
« Birchcliff now expects to generate approximately $400-million of adjusted funds flow on annual average production of 79,000 to 81,000 boe/d.
So $ 400 000 000/266 000 000 =$ 1,50 /sh
Appying the same ratio give : 3,8 x$ 1,50= $ 5,70 for BIR
Just to show you that BIR is way undervalue .