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BIREF Birchcliff Energy Ltd featured news, full reports, and detailed charts

Birchcliff Energy Ltd (BIREF/BIREF.PK) Wrap Up:

Birchcliff Energy Ltd. engages in the exploration for and the development, production, and acquisition of, petroleum and natural gas reserves in Canada. It produces and sells light crude oil, natural gas, and natural gas liquids. The company primarily focuses on the Peace River Arch area of northwestern Alberta, which produces natural gas and oil. As of December 31, 2008, Birchcliff operated 4 natural gas plants in the Peace River Arch, as well as held interest in 7 other plants, 29 compressors, and 3 oil batteries. The company was incorporated in 2004 and is headquartered in Calgary, Canada.
www.birchcliffenergy.com
Founded in 2004

Birchcliff Energy Ltd (BIREF:Pink OTC Markets Inc)

LAST $7.09 USD
CHANGE TODAY 0.00 0.00%
VOLUME 0.0
As of November 19, 2009 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of Birchcliff Energy Ltd (BIREF)

OPEN
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PREVIOUS CLOSE
$7.09
DAY HIGH
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DAY LOW
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52 WEEK HIGH
10/13/09 - $8.44
52 WEEK LOW
11/20/08 - $2.72
MARKET CAP
874.2M
AVERAGE VOLUME 3 mo
3.3K
DILUTED EPS TTM
--
SHARES OUTSTANDING
123.3M
BIREF Does Not Pay Dividends
P/E TTM
NM
K = Thousands  M = Millions  B = Billions

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BIREF Top Compensated Officers

Mr. A. Jeffery Tonken
Chief Executive Officer, President and Direct...
Total Annual Compensation: C$419.5K
Mr. Bruno P. Geremia C.a.
Chief Financial Officer and Vice President
Total Annual Compensation: C$381.0K
Mr. Myles R. Bosman P.Geol.
Chief Operating Officer and Vice President of...
Total Annual Compensation: C$381.0K
Mr. James Surbey
Vice President of Corporate Development and C...
Total Annual Compensation: C$381.0K
Ms. Karen A. Pagano P. Eng.
Vice President of Operations
Total Annual Compensation: C$381.0K

Executives, Board Directors

Compensation as of Fiscal Year 2008.

Key developments for Birchcliff Energy Ltd (BIREF)

Birchcliff Mulls Merger And Acquisition Opportunities

Birchcliff Energy Ltd. announced its financial and operating results for thetThird Quarter of 2009. The company reported average production for the third quarter of 10,552 boe per day and cash flow of $12.2 million. The company continues to review potential property acquisitions, joint venture opportunities and corporate mergers and acquisitions with the intention of completing such a transaction if acceptable terms can be negotiated. As a result, Birchcliff may at any time be involved in negotiations with other parties in respect of property acquisitions, joint venture opportunities and corporate merger acquisition opportunities.

Birchcliff Energy Ltd. expected to Report Q3 2009 Results on November 13, 2009. This event was calculated by Capital IQ (Created on August 21, 2009).

Birchcliff Energy Ltd. expected to Report Q3 2009 Results on November 13, 2009. This event was calculated by Capital IQ (Created on August 21, 2009).

Birchcliff Energy Ltd. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2009 ; Provides Capital Expenditure Guidance for the Year 2009

Birchcliff Energy Ltd. reported unaudited earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported net loss of CAD 7.1 million or CAD 0.06 per diluted share on revenue of CAD 37 million compared to net earnings of CAD 9.8 million or CAD 0.09 per diluted share on revenue of CAD 61.9 million for the second quarter of 2008. The earnings loss is a result of weak commodity prices during the quarter. Loss before taxes was CAD 7.8 million compared to income before taxes of CAD 13.1 million for the same period of last year. Cash flow from operations was CAD 20.0 million or CAD 0.18 per diluted share compared to CAD 41.7 million or CAD 0.37 per diluted share for the second quarter of 2008. Cash flow has increased by CAD 5.6 million over the first quarter of 2009 notwithstanding extremely low commodity prices. Capital Expenditures were CAD 5.5 million compared to CAD 37.5 million for the same period of last year. For the six months, the company reported net loss of CAD 16.8 million or CAD 0.15 per diluted share on revenue of CAD 69.8 million compared to net earnings of CAD 13.6 million or CAD 0.12 per diluted share on revenue of CAD 109.4 million for the second quarter of 2008. Loss before taxes was CAD 20.1 million compared to income before taxes of CAD 18.7 million for the same period of last year. Cash flow from operations was CAD 34.4 million or CAD 0.30 per diluted share compared to CAD 68.9 million or CAD 0.63 per diluted share for the second quarter of 2008. Capital Expenditures were CAD 23.9 million compared to CAD 89 million for the same period of last year. The company has revised its 2009 capital expenditure program to CAD 105 million from its previously announced capital budget of CAD 80 million. Birchcliff spent just under CAD 24 million of capital in the six month reporting period. The corporation expects its second half 2009 capital expenditures to be approximately CAD 81 million with approximately CAD 40 million budgeted for the expansion of the corporation's existing resource plays, related infrastructure and other projects, and approximately CAD 41 million to construct the PCS Gas Plant.

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BIREF Competitors

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Market data is delayed at least 20 minutes.

Industry Analysis

Valuation BIREF Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 6.6x
Price/Book 1.7x
Price/Cash Flow 13.8x
TEV/Sales 5.3x

BIREF

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BIREF transactions

Type
Date
Target
Merger/Acquisition
September 29, 2009
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Private Placement
June 9, 2009
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