Birchcliff Gas RevenueBIR produces around 127 BCF of gas per year
The sell to various gas hubs include HH (40%) and Dawn-Ontario(40%)<
They are unhedged on there gas
This is how much top line evenue they would at various gas prices points
Canadian Dollars
$4 127 * 4 = $508M
$5 127 * 5 = $635M
$6 127 * 6 = $762M
$7 127 * 7 = $889M
When taking into account the current HH price (which is in US dollars) and the better than AECO price they are receivig at DAWN BIR should be getting around $6 Canadian for thier gas when all considered.
BIRs operating expenses have averaged around $325M per year the past while.
They will have higher royalty rates this year as will everyone else in the business.
They have over $1 billion in tax pools so no tax to pay until those are used up.
They have 267 shares outstanding plus a bit of preferred shares.
Market cap is around 1.7 Billion
They also have sizeable liquids production which should compare with the gas side in terms
of yearly revenue.
I will try to incorporate the info into a more complete picture when I have time
Your friendly neighbourhood canine,
Barkis