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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 > No Hedge Here - Fast Becoming The Envy of The Patch
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Comment by Barkison May 03, 2022 8:40pm
230 Views
Post# 34653368

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:No Hedge Here - Fast Becoming The Envy of The Patch

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:No Hedge Here - Fast Becoming The Envy of The PatchHi Robert,

Sometimes using BCF / Year and past yearly costs is a good way to crunch numbers

BIR does about 130 BCF / Year

At $6us or $8cdn we get each BCF earning $8M CDN 

130 BCF / year x 8 = 1,020M

Liquids at 80us should gives us another 16,000 x 80 cdn = 1.3M /day or $450M /year
(I used 80cdn instead of 80us  to take into account lower than WTI priced liquids in the mix)

So 1,020 + 450 = 1,470M Top line rev per year

Deduct 400M operating and 300M capex plus an extra 100M for increased royalties, inflation ...

So 1,470M - 800M gets us around 670M free cash flow per year (around $2.50 /share)

Double check the numbers and Good Luck

(I see you like to play it safe Robert. Myself I think I have Ahab in my ancestral tree or something, for better or worse - i.e. I hope to land the big one)


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