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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 fiscal year ended 31 December 2023, Birchcliff Energy Ltd revenues decreased 42% to C$700.6M. Net income applicable to common stockholders decreased 99% to C$9.8M. Revenues reflect Natural Gas Production -Shale Gas decrease of 1% to 135.51B cubic feet, Oil Equivalent Production (Barrels/day), decrease of 2% to 76K barrels per day, Petroleum and natural gas revenue decrease of 45% to C$740.4M. Net income also reflects Avg.
Employees: 218 as of Dec 31, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $1,832M as of Dec 31, 2023
Annual revenue (TTM): $700.62M as of Dec 31, 2023
EBITDA (TTM): $342.55M as of Dec 31, 2023
Net annual income (TTM): $9.78M as of Dec 31, 2023
Free cash flow (TTM): -$197.45M as of Dec 31, 2023
Net Debt Last Fiscal Year: $398.51M as of Dec 31, 2023
Shares outstanding: 268,483,635 as of Mar 14, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization