Birchcliff Energy – Company History, Current and Future Free Cash Flow Estimates, Divided Stress Test and Valuation Comparison
I had the opportunity to meet a lot of very interesting energy companies while attending the Schachter Energy Conference last month in Calgary. Birchcliff Energy (TSX:BIR – OTC:BIREF) is a Company that stood out to me for a number of reasons. Some keys being the free cash flow numbers, divided yield, low-cost structure thanks to the ownership of the Pouce Coupe Gas Plant and internal growth plans moving forward.
Jesse Doenz, Controller and Investor Relations and Calvin Bohdan, Senior Investor Relations Analyst at Birchcliff Energy join me to provide a high level overview of the Company. We start with the history of the Company starting in 2005. We then move to the present to discuss the free cash-flow projections for this year and into 2023. This ties into the current divided (which is yielding around 7.5% currently) and the stress test to assess how stable this will be moving forward. We also discuss the Company’s assets, in terms of land position in the Montney in Alberta and gas plants. Growth plans and valuation metrics compared to other companies are discussed.
There is a lot of information in this interview. If you have any follow up questions or want some more information on any aspect of the Company please email me at Fleck@kereport.com.