TSX:BIROil and Gas
Birchcliff Energy Record Output And Lower Debt Tested By High P/E
Birchcliff Energy confirmed record annual production and a material cut in indebtedness.
The company reported a successful well flow test alongside broader operational updates.
Birchcliff outlined plans for a new natural gas processing plant, adding to its infrastructure build out.
For investors watching TSX:BIR, this mix of record production and lower debt comes alongside a share price of CA$7.19 and a 27.5% return over the past year. The stock has also delivered a 212.4% return over five...