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Bullboard - Stock Discussion Forum 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... see more

TSX:BIR - Post Discussion

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Post by mjh9413 on Jan 13, 2022 12:55am

$22 sp?

Even if BIR did 90,000boe/d (vs ~85,000 last qtr) cf might approx $2.20/sh fy (before capex) so wud need 10x cf multiple. Last qtr they averaged (C$) pretty good prices all round, namely
Light oil   $83.52                
Condensate  $88.04                
NGLs $35.13                
Natural gas (per Mcf) $4.46              

and they wud be equiv of about $20 sp right now at 10x but they don't get such a multiple. Latest analyst target prices reflect maybe 4x to 4.5x multiple. I cud live with $9 share price from here.
Comment by robert41 on Jan 13, 2022 1:31am
Exactly thx for posting the numbers...in a year from now with no debt and plus $4 gas we can start to get more excited about the mid teens as a share price but stars have to align.
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