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


To: Goose94 who wrote (52148)8/26/2019 8:01:42 PM
From: Goose94Read Replies (1) | Respond to of 203421
 
Birchcliff Energy (BIR-T) top pick from Josef Schachter on BNN.ca Market Call Monday August 26th @ 1200ET

Birchcliff had production of 78,453 boe/d (78 per cent natural gas) in Q2/19. CFPS came in at 28 cents per share or $74 million. The good cash flow results were due to higher liquids production (22 per cent) and lower overall costs. For 2019 we see CFPS of $1.26. BIR has a dividend of $0.105 paid quarterly. The company is one of our favourite natural gas stocks for the new energy bull market. It may benefit from the big potential of LNG exports on the West Coast and is very cheap at current prices (book value at $6.66 per share). We have a one-year target of $5.00 per share. We are investors in the stock and plan to add to our holdings when we see the next low risk buy signal from the S&P Energy Bullish Percent Index.