Bullboard - Stock Discussion Forum 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... see more

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TSX:BIR - Post Discussion

Birchcliff Energy Ltd > Another downgrade

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Post by incomedreamer11 on Jan 10, 2024 8:53am

Another downgrade

National Bank made one rating change, downgraded Birchcliff Energy Ltd. (BIR-T) to “sector perform” from “outperform” with a $6.50 target, down from $9.25. The average target on the Street is $8.86, according to Refinitiv data.

“The revision reflects what we perceive as the street’s desire for greater visibility around its payout as we transit trough gas prices,” they said.

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Comment by PlutusofCrete on Jan 10, 2024 9:04am

Too bad for us.

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Comment by barneyj44 on Jan 10, 2024 10:57am

The entire Oil and Gas sector has been downgraded. These so called experts (Analysts) never seem to get even close to there targets. How do they keep there jobs, oh yeah they work for the wall street crooks.

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