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.

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Birchcliff Energy Ltd > Birchcliff sell-off is opportunity

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Comment by AboveBoardon Jan 08, 2023 10:20am

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Post# 35209537

RE:RE:RE:Birchcliff sell-off is opportunity

PlutusofCrete wrote:

Dave Steinmoeller

Jan 5

Hi Michael, I added BIR today. I’m curious how your model values the company at todays lower commodity prices? Thanks for all your work.

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Michael Blair

Jan 5Author

Dave, at CAD$3.00 per gigajoule for gas and CAD$75 for oil ($CAD35 for NGL) I get cash flow north of CAD$800 million; CAD$530 after capex and ~CAD$300 after a CAD.80 dividend. I value the stock at about CAD$20 per share.

thanks for the post.

more,from the article...

The market seems to be discounting a deep and persistent recession which is a non-trivial risk, but the supply-demand picture suggests it will not tank natural gas prices as much as is implied by the market today.