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. CALGARY AB T2P 0G5 |
| Tel: | N/A |
| Website: | www.birchcliffenergy.com |
| 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 | |
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