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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (22969)	10/11/2016 8:58:25 PM
From: Goose94	Read Replies (1) \| Respond to of 203382

BIR-T new 52 week high, $9.90

To: Goose94 who wrote (22969)	6/13/2017 7:51:49 AM
From: Goose94	Read Replies (1) \| Respond to of 203382

Birchcliff Energy (BIR-T) top pick from Josef Schachter on Market Call tonite Monday June 12th @ 1800ET Market cap $1.5 billion. BIR is one of the lowest-cost Montney players with a rising mix of liquids after the Gordondale acquisition. Production in Q1/17 was 61,662 boe/d and cash flow per share came in at $0.26. Our forecast is for BIR to average 71,000 boe/d in 2017 and produce CFPS of $1.32. The stock trades below book value per share of $$6.74, below our flat pricing conservative NAV of $9.27 per share and also below the deal price of shares done to finance the Gordondale acquisition from Encana done at $6.25 per share. Our one-year target is $13.00 per share and our next bull market three- to five-year target is $24.00. The stock would be an attractive purchase below $6.00 and a table-pounding buy under $5.25 per share.