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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
See Regulatory Filings on SEDAR
Company Contact
Address: Suite 1000, 600 - 3rd Avenue S.W.
Tel: N/A
IR: See website
Key People
A. Jeffrey Tonken
Chairman of the Board, Chief Executive Officer
Christopher A. Carlsen
President, Chief Operating Officer
Bruno P. Geremia
Chief Financial Officer, Executive Vice President
Myles R. Bosman
Executive Vice President - Exploration
David M. Humphreys
Executive Vice President - Operations
Robyn Bourgeois
Vice President - Legal, General Counsel, Corporate Secretary
Theo Van Der Werken
Vice President - Engineering
Hue Tran
Vice President - Business Development, Director of Marketing
Business Overview
Birchcliff Energy Ltd. is an intermediate oil and natural gas company. The Company is engaged in the exploration for and the development, production and acquisition of oil and gas reserves in Western Canada. Its operations concentrated within its core area, the Peace River Arch, which is centered northwest of Grande Prairie, Alberta, adjacent to the Alberta/British Columbia border. 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. Montney is centered approximately 95 km northwest of Grande Prairie, Alberta, Canada. It is focused on two key operating areas: Pouce Coupe and Gordondale. The Pouce Coupe key operating area is located west and northwest of Grande Prairie, Alberta and consists of the Corporation's properties in Pouce Coupe and Elmworth. The Gordondale is located northwest of Grande Prairie, Alberta and consists of the Corporation's properties in Gordondale.
Financial Overview
For the six months ended 30 June 2022, Birchcliff Energy Ltd revenues increased 69% to C$605.3M. Net income applicable to common stockholders increased from C$66M to C$339.6M. Revenues reflect Natural Gas Production (Cubic Feet) increase of 5% to 67.3B cubic feet, Oil Equivalent Production Pouce Coupe increase of 6% to 50K barrels per day, Petroleum and natural gas revenue increase of 79% to C$680.3M, Marketing revenue increase of 55% to C$7.3M.
Employees: 204 as of Dec 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $3,299M as of Jun 30, 2022
Annual revenue (TTM): $1,126M as of Jun 30, 2022
EBITDA (TTM): $816.06M as of Jun 30, 2022
Net annual income (TTM): $584.12M as of Jun 30, 2022
Free cash flow (TTM): $535.58M as of Jun 30, 2022
Net Debt Last Fiscal Year: $328.70M as of Jun 30, 2022
Shares outstanding: 264,976,026 as of Aug 9, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization