Post by
shenty46 on Mar 26, 2021 1:26pm
birchcliff vs tourmaline
I may be wrong, but birchcliff looks like one fifth of tourmaline in future production as well as free cash flow. So if tormaline has a market cap of 7 billion at present, birchcliif should also have around 1.4 billion, which takes it to around 5 dollar stock price.
Comment by
bossu on Mar 26, 2021 6:38pm
Just a note about debt : Tou about $ 1 400 M or so on debt but not sure and bir $ 762 M Just to say that on the financial point of view BIR is self financing and bankers d'ont like the sector but Tonken and the investment community will take note and the reward is not far away !
Comment by
LawrenceKnight on Mar 27, 2021 11:46am
The amount of leverage is what bankers are worried about. BIR is far more leveraged than TOU. TOU debt/equity is much lower.