TSE:BIR
1.53
0.06
(3.77%)
Birchcliff Energy Ltd.
BIR-T
Analysis and Opinions about BIR-T
Signal
Opinion
Expert
COMMENT
COMMENT
September 18, 2020
A good way to get exposure to natural gas. They may not benefit as much from the price of natural gas rising as others, but they have good free cashflow. He would allocate 4-5% of his portfolio to it.
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A good way to get exposure to natural gas. They may not benefit as much from the price of natural gas rising as others, but they have good free cashflow. He would allocate 4-5% of his portfolio to it.
TOP PICK
TOP PICK
June 23, 2020
Has a decent balance sheet with a good cash flow. They've lowered capex, but will spend in Q4 when oil prices should rise for the winter. Buy this under $1. His one-year target is $4. But this when WTI falls below $30 this year, as he predicts. (Analysts’ price target is $2.20)
Show full opinionHide full opinionHas a decent balance sheet with a good cash flow. They've lowered capex, but will spend in Q4 when oil prices should rise for the winter. Buy this under $1. His one-year target is $4. But this when WTI falls below $30 this year, as he predicts. (Analysts’ price target is $2.20)
HOLD
HOLD
May 20, 2020
Bought at $4, $2 and $1. They released last week and production in Q1 was solid. He likes the balance sheet. They cut the dividend by about 80%, as he thinks the banks may have asked them to do so. They are mainly into natural gas (78% of production) and he is bullish on natural gas pricing in the latter half of the year.
Show full opinionHide full opinionBought at $4, $2 and $1. They released last week and production in Q1 was solid. He likes the balance sheet. They cut the dividend by about 80%, as he thinks the banks may have asked them to do so. They are mainly into natural gas (78% of production) and he is bullish on natural gas pricing in the latter half of the year.
COMMENT
COMMENT
May 20, 2020
Debt concerns? BXE took bankruptcy protection when debt became too much. There is no equity value in it any longer. Companies that have debt that matures in 2020 or 2021 will have issues. He sees no issues with BIR or TVE on this topic. The new Federal relief program for large companies may be difficult for companies to accept as it has provisions for up to 15% of ownership being made available in warrants to the government.
Debt concerns? BXE took bankruptcy protection when debt became too much. There is no equity value in it any longer. Companies that have debt that matures in 2020 or 2021 will have issues. He sees no issues with BIR or TVE on this topic. The new Federal relief program for large companies may be difficult for companies to accept as it has provisions for up to 15% of ownership being made available in warrants to the government.
COMMENT
COMMENT
May 15, 2020
Gas vs oil? As there is less oil production, associated natural gas production is falling. He owns BIR and was buying yesterday. AAV has performed well relative to other gas producers. He took profits on AAV recently and moved it into oil producers. BIR is trading at 2 times EV, but cuts its dividend by 81% recently. BIR is more cavalier on its spending, but feels it has more upside.
Gas vs oil? As there is less oil production, associated natural gas production is falling. He owns BIR and was buying yesterday. AAV has performed well relative to other gas producers. He took profits on AAV recently and moved it into oil producers. BIR is trading at 2 times EV, but cuts its dividend by 81% recently. BIR is more cavalier on its spending, but feels it has more upside.
TOP PICK
TOP PICK
March 24, 2020
Debt to cash flow is under 2x last year. Natural gas prices are holding well. It now pays a 17% dividend that their cash flow can sustain. He's been adding to his position. There's a huge disconnect between this stock price and its fundamentals. No reality, just fear. The balance sheet is fine and the stock is very cheap.
Show full opinionHide full opinionDebt to cash flow is under 2x last year. Natural gas prices are holding well. It now pays a 17% dividend that their cash flow can sustain. He's been adding to his position. There's a huge disconnect between this stock price and its fundamentals. No reality, just fear. The balance sheet is fine and the stock is very cheap.
DON'T BUY
DON'T BUY
March 10, 2020
If oil recovers. He looks for price momentum, cash flow, balance sheet and low volatility. Oil stocks have none of these. He was net-short energy stocks yesterday. BIR has too much debt vs. their cash flow. He'd look at low-cost Suncor, which has a strong balance sheet, or CNQ (stronger balance sheet despite debt), or Parex which has net cash and a strong balance sheet.
If oil recovers. He looks for price momentum, cash flow, balance sheet and low volatility. Oil stocks have none of these. He was net-short energy stocks yesterday. BIR has too much debt vs. their cash flow. He'd look at low-cost Suncor, which has a strong balance sheet, or CNQ (stronger balance sheet despite debt), or Parex which has net cash and a strong balance sheet.
COMMENT
COMMENT
February 12, 2020
TOU is too high of a natural gas exposure for him. BIR is overspending their cash flow to fill a plant they invested in for the promise of free cash flow next year. If you believe the strip pricing next year, they will generate a 26% free cash flow yield. However, it is also natural gas related. He just thinks there are better buying opportunities from the over selling in the oil markets from the Corona virus.
TOU is too high of a natural gas exposure for him. BIR is overspending their cash flow to fill a plant they invested in for the promise of free cash flow next year. If you believe the strip pricing next year, they will generate a 26% free cash flow yield. However, it is also natural gas related. He just thinks there are better buying opportunities from the over selling in the oil markets from the Corona virus.
TOP PICK
TOP PICK
January 24, 2020
The company has disappointed the market that there will not be a surplus of free cash flow in 2020. However, he believes in 2021 they will be able to pay down debt aggressively and still have surplus to buy back shares and increase the dividend. By 2024 the free cash flow will be in excess of $760 million and he thinks they will use this to grow shareholder value. Yield 5.88% (Analysts’ price target is $4.23)
Show full opinionHide full opinionThe company has disappointed the market that there will not be a surplus of free cash flow in 2020. However, he believes in 2021 they will be able to pay down debt aggressively and still have surplus to buy back shares and increase the dividend. By 2024 the free cash flow will be in excess of $760 million and he thinks they will use this to grow shareholder value. Yield 5.88% (Analysts’ price target is $4.23)
WATCH
WATCH
January 23, 2020
Their spending budget exceeds cash flow. He likes the management team. There is the possibility of a reserve write down. It is probably interesting at this level. But he would let it settle out for a while and not get involved.
Show full opinionHide full opinionTheir spending budget exceeds cash flow. He likes the management team. There is the possibility of a reserve write down. It is probably interesting at this level. But he would let it settle out for a while and not get involved.
BUY
BUY
December 19, 2019
He is not shy about taking a profit when he makes the easy money. It has a 12% free cash flow yield. He would like to see more inside ownership but it is a good way to get exposure to an increasing commodity price backdrop.
Show full opinionHide full opinionHe is not shy about taking a profit when he makes the easy money. It has a 12% free cash flow yield. He would like to see more inside ownership but it is a good way to get exposure to an increasing commodity price backdrop.
BUY
BUY
November 21, 2019
About a 5% monthly dividend. He intends to buy more. The balance sheet is not a problem. They will be a big beneficiary of LNG. The management team has done a good job in the past for shareholders.
Show full opinionHide full opinionAbout a 5% monthly dividend. He intends to buy more. The balance sheet is not a problem. They will be a big beneficiary of LNG. The management team has done a good job in the past for shareholders.
BUY WEAKNESS
BUY WEAKNESS
October 10, 2019
How does it change a stock when it leaves the TSX? It is just a market cap thing. It has nothing to do with the value of the company. They benefit from LNG. Tax loss selling will attach this one but be will be a buyer.
Show full opinionHide full opinionHow does it change a stock when it leaves the TSX? It is just a market cap thing. It has nothing to do with the value of the company. They benefit from LNG. Tax loss selling will attach this one but be will be a buyer.
BUY WEAKNESS
BUY WEAKNESS
September 16, 2019
It has had a nice bounce and he would be a buyer on any weakness. He has a target of $5 in twelve months. It is over a 4% dividend yield.
Show full opinionHide full opinionIt has had a nice bounce and he would be a buyer on any weakness. He has a target of $5 in twelve months. It is over a 4% dividend yield.
DON'T BUY
DON'T BUY
August 30, 2019
There's an abundance of natural gas, but there's a lag in the build-out for further LNG capacity. Globally, there's an overbuild of LNG capacity that takes time to soak up; Euro nat gas prices have plunged. He's not excited by natural gas. Pays almost a 6% yield because the share price has fallen so much. Nothing against BIR, but the nat gas space is troubled.
There's an abundance of natural gas, but there's a lag in the build-out for further LNG capacity. Globally, there's an overbuild of LNG capacity that takes time to soak up; Euro nat gas prices have plunged. He's not excited by natural gas. Pays almost a 6% yield because the share price has fallen so much. Nothing against BIR, but the nat gas space is troubled.
Birchcliff Energy Ltd.(BIR-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 3
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 5
Birchcliff Energy Ltd.(BIR-T) Frequently Asked Questions
What is Birchcliff Energy Ltd. stock symbol?
Birchcliff Energy Ltd. is a Canadian stock, trading under the symbol BIR-T on the Toronto Stock Exchange (BIR-CT). It is usually referred to as TSX:BIR or BIR-T
Is Birchcliff Energy Ltd. a buy or a sell?
In the last year, 5 stock analysts published opinions about BIR-T. 3 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Birchcliff Energy Ltd..
Is Birchcliff Energy Ltd. a good investment or a top pick?
Birchcliff Energy Ltd. was recommended as a Top Pick by Eric Nuttall on 2020-09-18. Read the latest stock experts ratings for Birchcliff Energy Ltd..
Why is Birchcliff Energy Ltd. stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Birchcliff Energy Ltd. worth watching?
5 stock analysts on Stockchase covered Birchcliff Energy Ltd. In the last year. It is a trending stock that is worth watching.
What is Birchcliff Energy Ltd. stock price?
On 2020-09-30, Birchcliff Energy Ltd. (BIR-T) stock closed at a price of $1.53.
