Birchcliff Energy Ltd

BIR

Equity

ISIN null / Valor 2180910

Toronto Stock Exchange (2025-11-21)

CAD 7.24-1.36%

Birchcliff Energy Ltd
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About company

Birchcliff Energy Ltd is a dividend-paying, intermediate oil and natural gas company based in Calgary, Alberta, with operations focused on the Montney/Doig Resource Play in Alberta. The company's operations are concentrated in the Peace River Arch area of Alberta, which is known for being a desirable natural gas and light oil drilling area in North America. Birchcliff is considered an intermediate oil and natural gas producer, with its common shares listed on the Toronto Stock Exchange under the symbol BIR and included in the S&P/TSX Composite Index.

Summarized from source with an LLMView SourceSector: Energy

Record Cash Flow

In 2022, Birchcliff generated a record annual adjusted funds flow of $953.7 million and free funds flow of $589.1 million, marking increases of 77% and 90% respectively from 2021.

Debt Reduction

The company retired approximately $449 million of total debt and preferred shares in 2022, including a $360.8 million reduction in total debt from the previous year.

Shareholder Returns

Birchcliff returned $128.9 million to shareholders in 2022 through dividends and share repurchases, including a special dividend of $0.20 per common share.

Production and Reserves

The annual average production was 76,925 boe/d, and Birchcliff replaced 127% of its production with new proved developed producing reserves during the year.

Fourth Quarter Highlights

In Q4 2022, the company achieved an average production of 79,799 boe/d, with adjusted funds flow of $217.1 million and returned $61.3 million to shareholders. Net income to common shareholders was $69.5 million.

Summarized from source with an LLMView Source

Key figures

31.2%1Y

-31.7%3Y

266%5Y

Performance

36.3%1Y

37.0%3Y

43.2%5Y

Volatility