Live News • Jun 11
Birchcliff Energy Rises on Higher Q1 Production and New Quarterly Dividend Announcement Birchcliff Energy’s stock moved sharply higher after the company reported solid Q1 2026 operational results, including a 6% year-over-year rise in average production.
Management highlighted what it described as effective financial management and a focus on profitable growth as key supports for the quarter.
The company also announced a quarterly cash dividend, signaling an ongoing commitment to direct cash returns to shareholders.
The combination of higher production and a declared dividend points to a company that is currently prioritizing both operational scale and direct shareholder payouts.
You may want to watch how sustainable this production level and dividend policy prove to be over coming quarters, especially in the context of commodity prices and any changes in capital spending. Upcoming Dividend • Jun 08
Upcoming dividend of CA$0.03 per share Eligible shareholders must have bought the stock before 15 June 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Canadian dividend payers (5.4%). Lower than average of industry peers (3.4%). Declared Dividend • May 18
First quarter dividend of CA$0.03 announced Dividend of CA$0.03 is the same as last year. Ex-date: 15th June 2026 Payment date: 30th June 2026 Dividend yield will be 1.8%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 2.0% per year over the past 9 years. However, payments have been volatile during that time. Earnings per share has grown by 66% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 14
First quarter 2026 earnings released: EPS: CA$0.25 (vs CA$0.24 in 1Q 2025) First quarter 2026 results: EPS: CA$0.25 (up from CA$0.24 in 1Q 2025). Revenue: CA$244.2m (up 24% from 1Q 2025). Net income: CA$70.0m (up 6.4% from 1Q 2025). Profit margin: 29% (down from 33% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 12
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CA$0.24 (up from CA$0.21 in FY 2024). Revenue: CA$707.2m (up 18% from FY 2024). Net income: CA$64.9m (up 16% from FY 2024). Profit margin: 9.2% (down from 9.3% in FY 2024). The decrease in margin was driven by higher expenses. Oil reserves Proven reserves: 9.261 MMbbls Gas reserves Proven reserves: 2980.724 Bcf LNG reserves Proven reserves: 73.21 MMbbls Combined production Oil equivalent production: 29.232 MMboe (27.994 MMboe in FY 2024) Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 7.7%. Revenue is forecast to grow 8.5% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Mar 06
Upcoming dividend of CA$0.03 per share Eligible shareholders must have bought the stock before 13 March 2026. Payment date: 31 March 2026. Payout ratio is a comfortable 71% and the cash payout ratio is 94%. Trailing yield: 1.7%. Lower than top quartile of Canadian dividend payers (5.4%). Lower than average of industry peers (3.6%). Announcement • Mar 03
Birchcliff Energy Ltd., Annual General Meeting, May 14, 2026 Birchcliff Energy Ltd., Annual General Meeting, May 14, 2026. Announcement • Feb 12
Birchcliff Energy Ltd. Appoints Chris Carlsen to the Board of Directors, Effective February 11, 2026 Birchcliff Energy Ltd. announced that Chris Carlsen has been appointed to the board of directors of the Corporation, effective February 11, 2026. Declared Dividend • Jan 23
Third quarter dividend of CA$0.03 announced Dividend of CA$0.03 is the same as last year. Ex-date: 13th March 2026 Payment date: 31st March 2026 Dividend yield will be 1.6%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is covered by earnings (71% earnings payout ratio) but not adequately covered by cash flows (94% cash payout ratio). The dividend has increased by an average of 2.0% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 58% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Major Estimate Revision • Dec 16
Consensus EPS estimates increase by 17% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from CA$706.0m to CA$721.0m. EPS estimate increased from CA$0.23 to CA$0.27 per share. Net income forecast to grow 70% next year vs 12% growth forecast for Oil and Gas industry in Canada. Consensus price target broadly unchanged at CA$8.69. Share price fell 4.4% to CA$7.19 over the past week. Recent Insider Transactions Derivative • Dec 12
Vice President of Operations exercised options and sold CA$203k worth of stock On the 4th of December, Duane Thompson exercised 33k options at a strike price of around CA$1.81 and sold these shares for an average price of CA$7.88 per share. This trade did not impact their existing holding. Since June 2025, Duane's direct individual holding has increased from 40.44k shares to 44.44k. Company insiders have collectively sold CA$2.6m more than they bought, via options and on-market transactions in the last 12 months. Upcoming Dividend • Dec 08
Upcoming dividend of CA$0.03 per share Eligible shareholders must have bought the stock before 15 December 2025. Payment date: 31 December 2025. Payout ratio is a comfortable 71% and the cash payout ratio is 94%. Trailing yield: 1.5%. Lower than top quartile of Canadian dividend payers (5.9%). Lower than average of industry peers (4.2%). Recent Insider Transactions Derivative • Nov 23
CFO & Executive VP exercised options and sold CA$383k worth of stock On the 20th of November, Bruno Geremia exercised 67k options at a strike price of around CA$1.81 and sold these shares for an average price of CA$7.55 per share. This trade did not impact their existing holding. Since December 2024, Bruno has owned 835.00k shares directly. Company insiders have collectively sold CA$2.3m more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Nov 16
Third quarter dividend of CA$0.03 announced Shareholders will receive a dividend of CA$0.03. Ex-date: 15th December 2025 Payment date: 31st December 2025 Dividend yield will be 1.7%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is covered by earnings (71% earnings payout ratio) but not adequately covered by cash flows (94% cash payout ratio). The dividend has increased by an average of 2.0% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 110% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 14
Third quarter 2025 earnings released: CA$0.05 loss per share (vs CA$0.039 loss in 3Q 2024) Third quarter 2025 results: CA$0.05 loss per share (further deteriorated from CA$0.039 loss in 3Q 2024). Revenue: CA$135.1m (up 5.5% from 3Q 2024). Net loss: CA$14.1m (loss widened 35% from 3Q 2024). Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Announcement • Nov 01
Birchcliff Energy Ltd. announced that it has received CAD 0.86 million in funding Birchcliff Energy Ltd. announced a non-brokered private placement to issue 43,000,000 shares at an issue price of CAD 0.02 per share for gross proceeds of CAD 860,000 on October 31, 2025. The common shares issued pursuant to the offering are subject to a hold period of four months and a day from the date of closing of the offering. No finders' fees were paid in connection with the offering. Upcoming Dividend • Sep 08
Upcoming dividend of CA$0.03 per share Eligible shareholders must have bought the stock before 15 September 2025. Payment date: 29 September 2025. Payout ratio is on the higher end at 92%, and the cash payout ratio is above 100%. Trailing yield: 1.9%. Lower than top quartile of Canadian dividend payers (5.8%). Lower than average of industry peers (4.5%). Declared Dividend • Aug 17
Second quarter dividend of CA$0.03 announced Shareholders will receive a dividend of CA$0.03. Ex-date: 15th September 2025 Payment date: 29th September 2025 Dividend yield will be 3.0%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is not adequately covered by earnings (92% earnings payout ratio) nor is it covered by cash flows (108% cash payout ratio). The dividend has increased by an average of 2.3% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 2.2% to bring the payout ratio under control. EPS is expected to grow by 56% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Aug 14
Second quarter 2025 earnings released: CA$0.15 loss per share (vs CA$0.17 profit in 2Q 2024) Second quarter 2025 results: CA$0.15 loss per share (down from CA$0.17 profit in 2Q 2024). Revenue: CA$135.4m (down 13% from 2Q 2024). Net loss: CA$13.9m (down 130% from profit in 2Q 2024). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Jun 18
Chairman of the Board recently sold CA$885k worth of stock On the 13th of June, A. Tonken sold around 120k shares on-market at roughly CA$7.39 per share. This transaction amounted to 7.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was A.'s only on-market trade for the last 12 months. Upcoming Dividend • Jun 06
Upcoming dividend of CA$0.03 per share Eligible shareholders must have bought the stock before 13 June 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 65% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Canadian dividend payers (6.2%). Lower than average of industry peers (4.8%). Declared Dividend • May 18
First quarter dividend of CA$0.03 announced Shareholders will receive a dividend of CA$0.03. Ex-date: 13th June 2025 Payment date: 30th June 2025 Dividend yield will be 4.0%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is covered by earnings (65% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 2.3% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 24% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: CA$0.24 (vs CA$0.056 loss in 1Q 2024) First quarter 2025 results: EPS: CA$0.24 (up from CA$0.056 loss in 1Q 2024). Revenue: CA$196.9m (up 24% from 1Q 2024). Net income: CA$65.7m (up CA$80.8m from 1Q 2024). Profit margin: 33% (up from net loss in 1Q 2024). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Recent Insider Transactions Derivative • Apr 27
Chairman of the Board exercised options and sold CA$351k worth of stock On the 25th of April, A. Tonken exercised 80k options at a strike price of around CA$1.81 and sold these shares for an average price of CA$6.18 per share. This trade did not impact their existing holding. Since December 2024, Tonken has owned 1.48m shares directly. Company insiders have collectively sold CA$1.6m more than they bought, via options and on-market transactions in the last 12 months. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CA$5.52, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Oil and Gas industry in Canada. Total loss to shareholders of 28% over the past three years. Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CA$5.92, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Oil and Gas industry in Canada. Negligible returns to shareholders over past three years. Reported Earnings • Mar 13
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: CA$0.21 (up from CA$0.037 in FY 2023). Revenue: CA$601.4m (down 14% from FY 2023). Net income: CA$56.1m (up 474% from FY 2023). Profit margin: 9.3% (up from 1.4% in FY 2023). The increase in margin was driven by lower expenses. Oil reserves Proven reserves: 9.701 MMbbls Gas reserves Proven reserves: 3078.54 Bcf LNG reserves Proven reserves: 72.227 MMbbls Combined production Oil equivalent production: 27.994 MMboe (27.63 MMboe in FY 2023) Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates by 91%. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Mar 07
Upcoming dividend of CA$0.03 per share Eligible shareholders must have bought the stock before 14 March 2025. Payment date: 31 March 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 7.7%. Within top quartile of Canadian dividend payers (6.5%). Higher than average of industry peers (4.9%). Announcement • Mar 04
Birchcliff Energy Ltd., Annual General Meeting, May 15, 2025 Birchcliff Energy Ltd., Annual General Meeting, May 15, 2025. Declared Dividend • Jan 26
Third quarter dividend reduced to CA$0.03 Dividend of CA$0.03 is 70% lower than last year. Ex-date: 14th March 2025 Payment date: 31st March 2025 Dividend yield will be 5.4%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 8x earnings) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 19% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 871% to bring the payout ratio under control. EPS is expected to grow by 116% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Price Target Changed • Jan 23
Price target increased by 9.1% to CA$7.18 Up from CA$6.58, the current price target is an average from 11 analysts. New target price is 18% above last closing price of CA$6.08. Stock is up 14% over the past year. The company is forecast to post earnings per share of CA$0.11 for next year compared to CA$0.037 last year. New Risk • Dec 12
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: CA$299k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Dividend per share is over 8x earnings per share. Paying a dividend despite having no free cash flows. Minor Risks Profit margins are more than 30% lower than last year (2.5% net profit margin). Significant insider selling over the past 3 months (CA$299k sold). Recent Insider Transactions • Dec 12
VP of Legal recently sold CA$170k worth of stock On the 9th of December, Robyn Bourgeois sold around 33k shares on-market at roughly CA$5.11 per share. This transaction amounted to 60% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought CA$76k more than they sold in the last 12 months. Recent Insider Transactions Derivative • Dec 10
President & CEO exercised options to buy CA$755k worth of stock. On the 5th of December, Christopher Carlsen exercised options to buy 150k shares at a strike price of around CA$2.32, costing a total of CA$348k. This transaction amounted to 61% of their direct individual holding at the time of the trade. Since December 2023, Christopher's direct individual holding has increased from 226.12k shares to 247.12k. Company insiders have collectively sold CA$1.2m more than they bought, via options and on-market transactions in the last 12 months. Upcoming Dividend • Dec 06
Upcoming dividend of CA$0.10 per share Eligible shareholders must have bought the stock before 13 December 2024. Payment date: 31 December 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 8.0%. Within top quartile of Canadian dividend payers (6.1%). Higher than average of industry peers (4.5%). Recent Insider Transactions Derivative • Nov 25
Chairman of the Board exercised options and sold CA$642k worth of stock On the 22nd of November, A. Tonken exercised 200k options at a strike price of around CA$2.32 and sold these shares for an average price of CA$5.53 per share. This trade did not impact their existing holding. Since March 2024, Tonken has owned 1.48m shares directly. Company insiders have collectively sold CA$1.4m more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Nov 19
Third quarter dividend of CA$0.10 announced Shareholders will receive a dividend of CA$0.10. Ex-date: 13th December 2024 Payment date: 31st December 2024 Dividend yield will be 7.9%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 8x earnings) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 19% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 871% to bring the payout ratio under control. However, EPS has declined by 13% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Nov 15
Third quarter 2024 earnings released: CA$0.04 loss per share (vs CA$0.057 profit in 3Q 2023) Third quarter 2024 results: CA$0.04 loss per share (down from CA$0.057 profit in 3Q 2023). Revenue: CA$144.1m (down 15% from 3Q 2023). Net loss: CA$10.5m (down 169% from profit in 3Q 2023). Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 2.1% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 06
Upcoming dividend of CA$0.10 per share Eligible shareholders must have bought the stock before 13 September 2024. Payment date: 27 September 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 7.1%. Within top quartile of Canadian dividend payers (6.0%). Higher than average of industry peers (4.7%). Buy Or Sell Opportunity • Aug 30
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.2% to CA$5.89. The fair value is estimated to be CA$7.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.2% over the last 3 years. Earnings per share has declined by 31%. Declared Dividend • Aug 18
Second quarter dividend of CA$0.10 announced Shareholders will receive a dividend of CA$0.10. Ex-date: 13th September 2024 Payment date: 27th September 2024 Dividend yield will be 8.1%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (392% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 22% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 336% to bring the payout ratio under control. EPS is expected to grow by 112% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Aug 15
Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2024 results: EPS: CA$0.17 (up from CA$0.16 in 2Q 2023). Revenue: CA$221.8m (up 31% from 2Q 2023). Net income: CA$46.4m (up 8.5% from 2Q 2023). Profit margin: 21% (down from 25% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 8.3% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Announcement • Aug 15
Birchcliff Energy Ltd. Maintains Production Guidance for the Year 2024 Birchcliff Energy Ltd. maintains production guidance for the year 2024. The company currently expects to deliver annual average production 75,000 to 77,000 boe/d to reflect the outperformance of its capital program year-to-date. Buy Or Sell Opportunity • Aug 01
Now 20% undervalued Over the last 90 days, the stock has risen 4.1% to CA$5.83. The fair value is estimated to be CA$7.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Earnings per share has declined by 4.5%. Upcoming Dividend • Jun 07
Upcoming dividend of CA$0.10 per share Eligible shareholders must have bought the stock before 14 June 2024. Payment date: 28 June 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 6.4%. Within top quartile of Canadian dividend payers (6.3%). Higher than average of industry peers (4.8%). Declared Dividend • May 19
First quarter dividend of CA$0.10 announced Shareholders will receive a dividend of CA$0.10. Ex-date: 14th June 2024 Payment date: 28th June 2024 Dividend yield will be 10.0%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 5x earnings) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 22% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 456% to bring the payout ratio under control. EPS is expected to grow by 93% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • May 16
First quarter 2024 earnings released: CA$0.06 loss per share (vs CA$0.16 loss in 1Q 2023) First quarter 2024 results: CA$0.06 loss per share (improved from CA$0.16 loss in 1Q 2023). Revenue: CA$130.2m (down 31% from 1Q 2023). Net loss: CA$15.0m (loss narrowed 65% from 1Q 2023). Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Reported Earnings • Mar 15
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: CA$0.04 (down from CA$2.46 in FY 2022). Revenue: CA$624.5m (down 56% from FY 2022). Net income: CA$9.78m (down 99% from FY 2022). Profit margin: 1.6% (down from 46% in FY 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 6.5%. Earnings per share (EPS) missed analyst estimates by 64%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 24% per year. Announcement • Mar 14
Birchcliff Energy Ltd. to Report Q1, 2024 Results on May 15, 2024 Birchcliff Energy Ltd. announced that they will report Q1, 2024 results at 4:00 PM, US Eastern Standard Time on May 15, 2024 Buy Or Sell Opportunity • Mar 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to CA$5.49. The fair value is estimated to be CA$6.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Meanwhile, the company has become profitable. Upcoming Dividend • Mar 07
Upcoming dividend of CA$0.10 per share Eligible shareholders must have bought the stock before 14 March 2024. Payment date: 28 March 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 7.2%. Within top quartile of Canadian dividend payers (6.4%). Higher than average of industry peers (5.2%). Price Target Changed • Mar 07
Price target decreased by 7.2% to CA$6.23 Down from CA$6.71, the current price target is an average from 13 analysts. New target price is 13% above last closing price of CA$5.52. Stock is down 37% over the past year. The company is forecast to post earnings per share of CA$0.11 for next year compared to CA$2.46 last year. Announcement • Mar 02
Birchcliff Energy Ltd., Annual General Meeting, May 16, 2024 Birchcliff Energy Ltd., Annual General Meeting, May 16, 2024. Recent Insider Transactions • Feb 26
Chief Operating Officer recently sold CA$183k worth of stock On the 22nd of February, Theo Van Der Werken sold around 34k shares on-market at roughly CA$5.35 per share. This transaction amounted to 80% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Theo's only on-market trade for the last 12 months. Recent Insider Transactions Derivative • Feb 22
Chairman of the Board exercised options and sold CA$290k worth of stock On the 16th of February, A. Tonken exercised 200k options at a strike price of around CA$3.55 and sold these shares for an average price of CA$5.00 per share. This trade did not impact their existing holding. Since March 2023, Tonken's direct individual holding has increased from 1.47m shares to 1.48m. Company insiders have collectively sold CA$1.2m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Jan 23
Independent Director recently bought CA$255k worth of stock On the 19th of January, Cameron Proctor bought around 50k shares on-market at roughly CA$5.09 per share. This transaction amounted to 48% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$437k more in shares than they have sold in the last 12 months. Declared Dividend • Jan 21
Third quarter dividend of CA$0.10 announced Shareholders will receive a dividend of CA$0.10. Ex-date: 14th March 2024 Payment date: 28th March 2024 Dividend yield will be 14%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (195% earnings payout ratio) nor is it covered by cash flows (194% cash payout ratio). The dividend has increased by an average of 35% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 116% to bring the payout ratio under control. EPS is expected to grow by 147% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CA$4.94, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 7x in the Oil and Gas industry in Canada. Total returns to shareholders of 171% over the past three years.