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Birchcliff Energy Ltd. (T:BIR)

Business Focus: Oil & Gas Exploration and Production (NEC)

Sector:  Energy Industry:  Oil & Gas Exploration and Production
 
Company Contact
Address: Suite 1000, 600 - 3rd Avenue S.W.
CALGARY AB T2P 0G5
Tel: N/A
Website: https://www.birchcliffenergy.com
IR: See website
Key People
A. Jeffrey Tonken
Chairman of the Board
Christopher A. Carlsen
President, Chief Executive Officer
Bruno P. Geremia
Chief Financial Officer, Executive Vice President
Theo Van Der Werken
Chief Operating Officer
Duane Thompson
Vice President - Operations
Robyn Bourgeois
Vice President - Legal, General Counsel, Corporate Secretary
Hue Tran
Vice President - Business Development and Marketing
   
Business Overview
Birchcliff Energy Ltd. is a Canada-based intermediate oil and gas company. The Company is engaged in exploring for, developing, and producing natural gas, light oil, condensate, and other natural gas Liquids (NGLs). The Company's operations concentrated within its core area, the Peace River Arch, which is centered northwest of Grande Prairie, Alberta, adjacent to the Alberta/British Columbia. It is focused on natural gas and light oil drilling areas in North America. The Company is focused on the Montney/Doig Resource Play within the Peace River Arch. It has 100% interest in its Pouce Coupe Gas Plant and two oil batteries, as well as various working interests in numerous other gas plants, oil batteries, compressors, facilities, and infrastructure. Pouce Coupe Gas Plant is in the heart of the Montney/Doig Resource Play. The Gordondale property is located northwest of Grande Prairie, Alberta and consists of the properties in Gordondale.
Financial Overview
For the three months ended 31 March 2024, Birchcliff Energy Ltd revenues decreased 16% to C$158.3M. Net loss decreased 65% to C$15M. Revenues reflect Natural Gas Production (Cubic Feet) decrease of 3% to 34.07B cubic feet, Oil Equivalent Production Gordondale decrease of 4% to 22K barrels per day, Petroleum and natural gas revenue decrease of 22% to C$163.3M. Lower net loss reflects Avg. Production Costs Total decrease of 5% to C$8.84 per barrel.
Employees: 218 as of Dec 31, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $2,014M as of Mar 31, 2024
Annual revenue (TTM): $670.15M as of Mar 31, 2024
EBITDA (TTM): $315.15M as of Mar 31, 2024
Net annual income (TTM): $37.29M as of Mar 31, 2024
Free cash flow (TTM): -$204.73M as of Mar 31, 2024
Net Debt Last Fiscal Year: $443.27M as of Mar 31, 2024
Shares outstanding: 268,578,003 as of Apr 5, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization