TSX:BIROil and Gas
How BMO’s Upgrade and Elmworth Upside At Birchcliff Energy (TSX:BIR) Has Changed Its Investment Story
BMO Capital Markets recently upgraded Birchcliff Energy to “outperform,” highlighting the company’s improved positioning to reach its long-delayed 87,500 boe/d production target and to benefit from potentially tighter NYMEX:AECO basis differentials expected from 2026 onward.
The upgrade also pointed to material upside potential in Birchcliff’s extensive Elmworth acreage, underscoring how specific asset quality and market exposure could shape the company’s future cash-flow profile.
With the...