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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 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). 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. 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 nine months ended 30 September 2022, Birchcliff Energy Ltd revenues increased 48% to C$904.1M. Net income applicable to common stockholders increased from C$204.4M to C$584.2M. Revenues reflect Natural Gas Production (Cubic Feet) increase of less than 1% to 102.43B cubic feet, Oil Equivalent Production Pouce Coupe increase of 2% to 51K barrels per day, Petroleum and natural gas revenue increase of 59% to C$1.02B.
Employees: 204 as of Dec 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $2,905M as of Sep 30, 2022
Annual revenue (TTM): $1,172M as of Sep 30, 2022
EBITDA (TTM): $862.35M as of Sep 30, 2022
Net annual income (TTM): $690.33M as of Sep 30, 2022
Free cash flow (TTM): $582.00M as of Sep 30, 2022
Net Debt Last Fiscal Year: $211.01M as of Sep 30, 2022
Shares outstanding: 266,046,810 as of Jan 10, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization