Very cheap. Huge upside potential. CEO says he'll cut capex before he'll cut the dividend. Lovely yield of 9.26%.
(Analysts’ price target is $12.17)Not a great company to own at current share price.
Good time to sell shares.
Currently not covering dividend with strip price
Will have to take on debt.
Better names to own in sector.
Makes sense. MEG is a pure oil play with long-life reserves, and BIR is more levered to natural gas. You're adding a new level of risk to switch back and forth. The risk is you do it at the wrong time and end up losing. The volatility is beautiful on the upside, but kills you on the downside. Instead, buy ARX with decent nat gas, and a light oil play since they bought Seven Generations, and production growth. Then you don't have to make the decisions about moving back and forth.
Gas weighted company.
Long term is a good investment, but will be volatile in the short time.
LNG in Canada starting soon.
9% dividend yield with current share price.
Finally have clean balance sheet (lowered debt).
LNG Canada is bringing a significant export opportunity for all Canadian nat gas companies towards the end of 2025. This will be transformational. He likes all Canadian nat gas producers on a volume basis. His preference is ARX, as it's diversified with undeveloped land. Prefers PEY to BIR; management is stronger, though its dividend will be subject to commodity prices, can grow production long-term.
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
In the last year, 10 stock analysts published opinions about BIR-T. 6 analysts recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Birchcliff Energy Ltd..
Birchcliff Energy Ltd. was recommended as a Top Pick by on . Read the latest stock experts ratings for Birchcliff Energy Ltd..
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.
10 stock analysts on Stockchase covered Birchcliff Energy Ltd. In the last year. It is a trending stock that is worth watching.
On 2023-06-02, Birchcliff Energy Ltd. (BIR-T) stock closed at a price of $7.87.
The oil and gas sector has been under-invested for a long time so there is good upside in the long term. It has a good balance sheet, nice dividend, good revenue and value. The downside is limited.