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Birchcliff Energy Ltd T.BIR

Alternate Symbol(s):  BIREF

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

Post by retiredcfon Aug 09, 2022 9:49am
288 Views
Post# 34881187

Assessment

Assessment

Birchcliff has appreciated well over the past few years. I'd love to hear your perspective on its current prospects. Also, what effect, if any, will the LNG terminal in BC have, and natural gas prices generally given the situation in Europe?

BIR has benefited from the natural gas rally, and is up 110% in the past year. Yet it is still a very cheap stock. The balance sheet has improved, and debt is now well less than 1X cash flow. Management is goood. Many years ago the company was up for sale, and we think it could still be a target now. Production has grown, it has good assets and typically beats estimates. Insiders own 1.7% but have been net buyers this year. Cash flow may drop next year with lower commodity prices, but of course they are highly variable. For natural gas exposure it remains one of our favourites. (5iResearch)


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