Birchcliff Energy Ltd T.BIR

White Tundra - BIR Price Target Range - My guess is $21.45

[PlutusofCrete]

I think $21.45 is reasonable. Let's get there by summer of 2023. See below:

https://www.whitetundra.ca/pricetargets

Birchcliff Energy (BIR)
Current Share Price (CAD)	$11.26
WTI (USD)/ AECO (CAD) $70/$4.50	$17.21
$80/$5.00	$19.71
$90/$5.25	$21.45
$100/$5.50	$23.19
$110/$5.75	$24.93
$120/$6.00	$26.67
2022 FCF/EV Yield @ Strip* Actual (%)	$22.80
2022 FCF/EV Yield @ Strip* Unhedged (%)	$22.80

[DeepValueOil88]

This is present Birchcliff Energy value. By 2023, SP can move up with strip pricing. It's pure speculation but $50 range is probable in new frame. It's not much of a reach for BIR to pay a stable growing $2.50 annual dividend (5% on $50).

[Burgersandfries]

Sure birch can go to $50 and pay $2.50 a share but they'll have to buy back 50 million shares double production and sell gas at $9 bucks...if everyone increases production the market can't handle it! This is another pipe dream by deepvalueoil88...

[borne2run]

Aeco pricing is meaningless for Birchcliff. Over 80% of Birchcliff's nat gas production is sold based on either Henry Hub or Dawn pricing.

[bigreturn11]

Plus 4% for Alliance in the US. 

[DeepValueOil88]

Buffett set the standard. Institutions are validated to invest in oil and gas businesses again. Birchcliff, you are clear for take-off.

[PlutusofCrete]

I completely agree. So then perhaps $26-$30 is a more reasonable price target.  HH set to average north of $5 next year.  bigreturn11 (16) User Actions   August 21, 2022 - 08:18 PM 32 Reads Post# 34910379 RE:RE:White Tundra - BIR Price Target Range - My guess is $21.45 Plus 4% for Alliance in the US. 

[Burgersandfries]

I love birch but wow 26-30 next year! I don't see it! $16 to 20 if gas holds. If drops to 5 bucks bir will still make buckets of cash but I think you'll see price similar to now and only because we will be debt free and paying a nice divi.