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

To: Goose94 who wrote (80588)	6/23/2020 2:09:12 PM
From: Goose94	Read Replies (1) \| Respond to of 203432

Birchcliff Energy (BIR-T) revisited 3.0 top pick from Josef Schachter on BNN.ca Market Call Tuesday June 23rd @ 1200ET Birchcliff had production of 73,580 boe/d (78 per cent natural gas) in Q1/20. For 2020 we see cash flow per share of $0.75 as Birchcliff reduced their capex plan on March 11 to $275-$295 million from $340-360 million. Production should average 78,000 boe/d in 2020. The company is one of our favourite natural gas stocks for the new energy bull market. It’s very cheap at the current price (book value at $6.19 per share at the end Q1/20 and net asset value of $11.96 per share). We have a one-year target at $4 per share. We are investors in the stock and added to our holdings during the mid-March market crash. We have an SER Quality Score Rating of “B” on Birchcliff. Buy on weakness below $1.00 per share.