Birchcliff Energy Ltd.
BIR-T
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He holds no natural gas stocks in his portfolio as he remains bearish on natural gas. It is trading 5 times cash flow – near trough levels – but it is difficult to excite investors and the variability of weather is too uncertain.
He holds no natural gas stocks in his portfolio as he remains bearish on natural gas. It is trading 5 times cash flow – near trough levels – but it is difficult to excite investors and the variability of weather is too uncertain.
(A Top Pick December 18, 2017. Up 24%). This will be a significant beneficiary of LNG Canada for 2023, along with Painted Pony, Bonavista Energy and Tourmaline. He sees this rising to $9 in 12 months and $15 in the next 3 to 5 years. Production is 80% natural gas. They will raise their liquids percentage with the new wells in Gordondale. Book value is $6.42 so the company is still trading at a discount to book.
(A Top Pick December 18, 2017. Up 24%). This will be a significant beneficiary of LNG Canada for 2023, along with Painted Pony, Bonavista Energy and Tourmaline. He sees this rising to $9 in 12 months and $15 in the next 3 to 5 years. Production is 80% natural gas. They will raise their liquids percentage with the new wells in Gordondale. Book value is $6.42 so the company is still trading at a discount to book.
He likes this a hold for a positive FID announcement on a west coast LNG project. They are a drier gas play than others with a solid balance sheet. (Analysts’ price target is $6.90)
He likes this a hold for a positive FID announcement on a west coast LNG project. They are a drier gas play than others with a solid balance sheet. (Analysts’ price target is $6.90)
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