Last C$8.57 CAD
Change Today -0.475 / -5.25%
Volume 1.1M
BIR On Other Exchanges
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As of 4:01 PM 12/18/14 All times are local (Market data is delayed by at least 15 minutes).

birchcliff energy ltd (BIR) Snapshot

Open
C$9.15
Previous Close
C$9.05
Day High
C$9.76
Day Low
C$8.45
52 Week High
06/16/14 - C$14.97
52 Week Low
01/13/14 - C$7.17
Market Cap
1.3B
Average Volume 10 Days
1.6M
EPS TTM
C$0.90
Shares Outstanding
152.2M
EX-Date
--
P/E TM
9.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for BIRCHCLIFF ENERGY LTD (BIR)

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birchcliff energy ltd (BIR) Details

Birchcliff Energy Ltd., an intermediate oil and gas company, explores for, develops, and produces oil and natural gas resources in Western Canada. The company produces and sells light crude oil, natural gas, and natural gas liquids. It principally holds interests in the Peace River Arch area of Alberta, which produces natural gas and oil in the Western Canadian Sedimentary Basin. The company holds working interests in 12 gas plants and 3 oil batteries. As of December 31, 2013, it had proved plus probable reserves of 370.1 million barrels of oil equivalent (MMboe); and 220.0 MMboe of proved reserves, as well as held 544,917 net acres of undeveloped land. The company was formerly known as Alberta Ltd. and changed its name to Birchcliff Energy Ltd. in September 2004. Birchcliff Energy Ltd. was incorporated in 2004 and is headquartered in Calgary, Canada.

145 Employees
Last Reported Date: 03/12/14
Founded in 2004

birchcliff energy ltd (BIR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$433.0K
Chief Financial Officer and Vice President
Total Annual Compensation: C$394.7K
Chief Operating Officer and Vice President of...
Total Annual Compensation: C$394.7K
Vice President of Corporate Development
Total Annual Compensation: C$394.7K
Vice President of Operations
Total Annual Compensation: C$394.7K
Compensation as of Fiscal Year 2013.

birchcliff energy ltd (BIR) Key Developments

Birchcliff Energy Ltd. Declares Dividends on Outstanding Preferred Shares, Payable on December 31, 2014

Birchcliff Energy Ltd. announced that its board of directors has declared the dividends on its outstanding preferred shares: A quarterly cash dividend of $0.50 per share for the calendar quarter ending on December 31, 2014, on the company's outstanding Cumulative Redeemable Preferred Shares, Series A. The dividend is payable on December 31, 2014 to shareholders of record as at the close of business on December 15, 2014. The dividend is designated as an eligible dividend for purposes of the Income Tax Act (Canada); and a quarterly cash dividend of $0.4375 per share for the calendar quarter ending on December 31, 2014, on the company’s outstanding Cumulative Redeemable Preferred Shares, Series C. The dividend is payable on December 31, 2014 to shareholders of record as at the close of business on December 15, 2014. The dividend is designated as an eligible dividend for purposes of the Income Tax Act (Canada).

Birchcliff Energy Ltd. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Production Guidance for the Fourth Quarter and Full Year 2014 and for the Year 2015

Birchcliff Energy Ltd. reported unaudited consolidated earnings and operating results for the third quarter and nine months ended September 30, 2014. For the quarter, the company’s revenue was CAD 116.42 million against CAD 72.76 million a year ago. Net income to common shareholders was CAD 28.665 million or CAD 0.19 per basic and diluted share against CAD 9.156 million or CAD 0.06 per basic and diluted share a year ago. Funds flow from operations was CAD 75.030 million or CAD 0.48 per diluted share against CAD 43.053 million or CAD 0.30 per diluted share a year ago. Capital expenditures, net were CAD 104.363 million against CAD 76.186 million a year ago. For the quarter, the company’s total oil equivalent was 34,235 BOE per day against 24,662 per day a year ago. Record third quarter production averaged 34,235 boe per day, which is a 39% increase over production of 24,662 boe per day in the third quarter of 2013. Production per common share increased 32% from the third quarter of 2013. For the nine months, the company’s revenue was CAD 367.29 million against CAD 227.55 million a year ago. Net income to common shareholders was CAD 94.251 million or CAD 0.62 per diluted share against CAD 25.355 million or CAD 0.17 per diluted share a year ago. Funds flow from operations was CAD 238.781 million or CAD 1.63 per diluted share against CAD 124.301 million or CAD 0.86 per diluted share a year ago. Capital expenditures, net were CAD 341.250 million against CAD 197.582 million a year ago. For the nine months, the company’s total - barrels of oil equivalent was 32,396 per day against 24,965 per day a year ago. For the fourth quarter of 2014, the company’s average production guidance of approximately 38,000 boe per day and its annual average production of approximately 34,000 boe per day which represents approximately 32% growth over the annual average of 25,829 boe per day in 2013 and 27% growth over 2013 on a production per common share basis, based on estimated 2014 annual basic weighted average common shares of 148,014,000. For the year 2014, the company record current production is approximately 38,000 boe per day. The company confirms its 2014 exit production rate guidance of 40,000 boe per day. For the fiscal 2015, the company expects to have a very strong production growth profile for 2015. Initially, the company will be targeting exit production of approximately 48,000 to 50,000 boe per day. Although 2015 Budget has not yet been finalized, on a preliminary basis, the capital expenditure required to achieve this production target is expected to be approximately CAD 450 million to CAD 500 million which includes approximately CAD 110 million of infrastructure investment.

Birchcliff Energy Ltd. Declares Quarterly Preferred Share Dividend, Payable on September 30, 2014

Birchcliff Energy Ltd. (Birchcliff) announced that its Board of Directors has declared the following dividends on its outstanding preferred shares: a quarterly cash dividend of $0.50 per share for the calendar quarter ending on September 30, 2014, on Birchcliff's outstanding Cumulative Redeemable Preferred Shares, Series A. The dividend is payable on September 30, 2014 to shareholders of record as at the close of business on September 18, 2014. The dividend is designated as an eligible dividend for purposes of the Income Tax Act (Canada); and a quarterly cash dividend of $0.4375 per share for the calendar quarter ending on September 30, 2014, on Birchcliff's outstanding Cumulative Redeemable Preferred Shares, Series C. The dividend is payable on September 30, 2014 to shareholders of record as at the close of business on September 18, 2014. The dividend is designated as an eligible dividend for purposes of the Income Tax Act (Canada).

 

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