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Birchcliff Energy Ltd T.BIR

Alternate Symbol(s):  BIREF

Energy Oil & Gas E&P
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

Birchcliff Energy Ltd > $22 sp?
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Post by mjh9413on Jan 13, 2022 12:55am
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Post# 34311317

$22 sp?

$22 sp?Even if BIR did 90,000boe/d (vs ~85,000 last qtr) cf might approx $2.20/sh fy (before capex) so wud need 10x cf multiple. Last qtr they averaged (C$) pretty good prices all round, namely
Light oil   $83.52                
Condensate  $88.04                
NGLs $35.13                
Natural gas (per Mcf) $4.46              

and they wud be equiv of about $20 sp right now at 10x but they don't get such a multiple. Latest analyst target prices reflect maybe 4x to 4.5x multiple. I cud live with $9 share price from here.
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