Birchcliff Energy Ltd., an intermediate oil and natural gas company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids in Western Canada.
Fair value with moderate growth potential.
Share Price & News
How has Birchcliff Energy's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BIRE.F's share price has been volatile over the past 3 months.
7 Day Return
US Oil and Gas
1 Year Return
US Oil and Gas
Return vs Industry: BIRE.F underperformed the US Oil and Gas industry which returned -55.2% over the past year.
Return vs Market: BIRE.F underperformed the US Market which returned -15.9% over the past year.
Price Volatility Vs. Market
How volatile is Birchcliff Energy's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Birchcliff Energy undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BIRE.F ($0.63) is trading below our estimate of fair value ($2.16)
Significantly Below Fair Value: BIRE.F is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BIRE.F is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.
PE vs Market: BIRE.F is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BIRE.F's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BIRE.F is good value based on its PB Ratio (0.1x) compared to the US Oil and Gas industry average (0.5x).
How is Birchcliff Energy forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BIRE.F is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).
Earnings vs Market: BIRE.F is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: BIRE.F's is expected to become profitable in the next 3 years.
Revenue vs Market: BIRE.F's revenue (4.8% per year) is forecast to grow slower than the US market (7% per year).
High Growth Revenue: BIRE.F's revenue (4.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BIRE.F's Return on Equity is forecast to be low in 3 years time (3%).
How has Birchcliff Energy performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BIRE.F is currently unprofitable.
Growing Profit Margin: BIRE.F is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: BIRE.F is unprofitable, and losses have increased over the past 5 years at a rate of -2.4% per year.
Accelerating Growth: Unable to compare BIRE.F's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: BIRE.F is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-11.9%).
Return on Equity
High ROE: BIRE.F has a negative Return on Equity (-3.27%), as it is currently unprofitable.
How is Birchcliff Energy's financial position?
Financial Position Analysis
Short Term Liabilities: BIRE.F's short term assets (CA$69.2M) do not cover its short term liabilities (CA$169.4M).
Long Term Liabilities: BIRE.F's short term assets (CA$69.2M) do not cover its long term liabilities (CA$951.7M).
Debt to Equity History and Analysis
Debt Level: BIRE.F's debt to equity ratio (38.9%) is considered satisfactory.
Reducing Debt: BIRE.F's debt to equity ratio has reduced from 46.8% to 38.9% over the past 5 years.
Inventory Level: BIRE.F has a high level of physical assets or inventory.
Debt Coverage by Assets: BIRE.F's debt is not covered by short term assets (assets are 0.1x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: BIRE.F has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: BIRE.F has been profitable on average in the past, therefore cash runway is not a concern.
What is Birchcliff Energy's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BIRE.F's dividend (11.67%) is higher than the bottom 25% of dividend payers in the US market (2.07%).
High Dividend: BIRE.F's dividend (11.67%) is in the top 25% of dividend payers in the US market (5.82%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, BIRE.F has been paying a dividend for less than 10 years.
Growing Dividend: BIRE.F's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: BIRE.F is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: BIRE.F is forecast to pay a dividend in 3 years whilst incurring a loss, therefore the dividend is not forecast to be well covered.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jeff Tonken (62yo)
Mr. A. Jeffery Tonken, also known as Jeff, is the Founder of Birchcliff Energy Ltd. and has been its President and Chief Executive Officer since July 6, 2004. Mr. Tonken has over 37 years of experience in ...
CEO Compensation Analysis
Compensation vs Market: Jeff's total compensation ($USD3.46M) is above average for companies of similar size in the US market ($USD1.51M).
Compensation vs Earnings: Jeff's compensation has increased whilst the company is unprofitable.
|VP & CFO||15.75yrs||CA$2.62m||0.10% CA$169.7k|
|VP of Exploration & COO||15.75yrs||CA$2.80m||0.053% CA$89.6k|
|Vice President of Engineering||6.75yrs||CA$1.25m||0.059% CA$99.5k|
|Manager of General Accounting||14.92yrs||no data||no data|
|Controller & Manager of Investor Relations||15.5yrs||no data||no data|
|General Counsel & Corporate Secretary||no data||no data||no data|
|Manager of Human Resources & Corporate Services||no data||no data||no data|
|Manager of Geology||no data||no data||no data|
Experienced Management: BIRE.F's management team is seasoned and experienced (15.6 years average tenure).
|Lead Independent Director||2.92yrs||CA$182.53k||0.048% CA$81.6k|
|Non-Independent Director||2.92yrs||CA$177.99k||0.51% CA$860.8k|
|Independent Director||1.33yrs||CA$5.92k||0.011% CA$19.1k|
|Independent Director||2.42yrs||CA$190.45k||0.030% CA$50.9k|
Experienced Board: BIRE.F's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BIRE.F insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Birchcliff Energy Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: Birchcliff Energy Ltd.
- Ticker: BIRE.F
- Exchange: OTCPK
- Founded: 2004
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: CA$239.342m
- Listing Market Cap: CA$169.352m
- Shares outstanding: 265.94m
- Website: https://www.birchcliffenergy.com
Number of Employees
- Birchcliff Energy Ltd.
- 600 - 3rd Avenue SW
- Suite 1000
- T2P 0G5
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BIR||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Jan 2005|
|39B||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Jan 2005|
|BIRE.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Jan 2005|
|BCHF.P||OTCPK (Pink Sheets LLC)||REDEEMABLE PFD A||US||CAD||Aug 2012|
|BIR.PRC||TSX (The Toronto Stock Exchange)||PFD SER C||CA||CAD||Jun 2013|
Birchcliff Energy Ltd., an intermediate oil and natural gas company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids in Western Canada. The company holds interests in the Montney/Doig resource play, as well as other assets located in the Peace River Arch area of Alberta. As of December 31, 2018, it had interests in various gas plants, oil batteries, compressors, facilities, and infrastructure; and 193,049.6 net acres of undeveloped land, as well as proved plus probable reserves of 1,032.2 million barrels of oil equivalent. Birchcliff Energy Ltd. was founded in 2004 and is headquartered in Calgary, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/05 07:25|
|End of Day Share Price||2020/04/03 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.