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

To: Goose94 who wrote (75749)	3/24/2020 1:51:02 PM
From: Goose94	Read Replies (1) \| Respond to of 203432

Birchcliff Energy (BIR-T) revisited 2.0 top pick from Josef Schachter on BNN.ca Market Call Mon March 24th @ 1200ET Birchcliff had production of 77,977 barrels of oil equivalent per day (78 per cent natural gas) in 2019. Cash flow per share (CFPS) came in for 2019 at $1.26 per share. The good cash flow results were due to higher liquids production (22 per cent) and lower overall costs. For 2020, we see CFPS of $1 as Birchcliff reduced their capex plan on March 11 to $275-$295 million from $340-360 million. As a result, volumes will be flat for the year. Birchcliff has a dividend of $0.105 paid quarterly, currently providing a 17.8 per cent yield. They have given no indication they need to cut the dividend. The company is one of our favourite natural gas stocks for the new energy bull market, the big potential of LNG exports on the West Coast and it’s very cheap at the current price (book value at $6.38 per share at the end of 2019, and net asset value of $11.96 per share). We are keeping our one-year target at $5 per share. We have added to our holdings during the current market crash.