Latest news with #BirchcliffEnergy
Yahoo
08-04-2025
- Business
- Yahoo
Canadian oil and gas CEOs avoiding 'rash' decisions during price rout
By Amanda Stephenson TORONTO (Reuters) - The CEOs of two Canadian oil and gas producers said on Tuesday they are seeking to avoid making rash decisions, as global oil prices hover around four-year lows and recession fears grow. Doug Bartole, CEO of Calgary-based InPlay Oil, said his company does not foresee reducing production or capital spending in the short term, despite the recent tariff-related fall in oil prices. "Don't make any rash decisions. Let's take a longer view of things and see where it all settles out," Bartole said in an interview in Toronto. But he said that could change if oil continues its slide. "I think $50 oil would change things a bit more, obviously," Bartole said. "We can easily pull back capital. We're a small company, we're nimble. We make decisions quick." Brent futures and West Texas Intermediate crude futures have slumped since U.S. President Donald Trump's April 2 announcement of broad tariffs. Oil prices steadied on Tuesday as a recovery in equity markets was outweighed by recession fears exacerbated by trade conflict between the United States and China, the world's two biggest economies. Brent futures were up 33 cents, or 0.5%, at $64.54 a barrel at 1400 GMT. WTI crude futures rose 41 cents, or 0.7%, to $61.11. Chris Carlsen, CEO of Canadian natural gas producer Birchcliff Energy, said the sector is concerned about the potential for a global recession, though he said many Canadian companies are well-positioned to handle a $60 oil price environment. He said the slide in oil prices could benefit natural gas producers in the long term if it leads to an overall reduction in North American drilling. "When they're drilling less oil, there's less associated gas with that, which means we could be short on the natural gas production side," Carlsen said. Sign in to access your portfolio
Reuters
08-04-2025
- Business
- Reuters
Canadian oil and gas CEOs avoiding 'rash' decisions during price rout
TORONTO, April 8 (Reuters) - The CEOs of two Canadian oil and gas producers said on Tuesday they are seeking to avoid making rash decisions, as global oil prices hover around four-year lows and recession fears grow. Doug Bartole, CEO of Calgary-based InPlay Oil ( opens new tab, said his company does not foresee reducing production or capital spending in the short term, despite the recent tariff-related fall in oil prices. The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here. "Don't make any rash decisions. Let's take a longer view of things and see where it all settles out," Bartole said in an interview in Toronto. But he said that could change if oil continues its slide. "I think $50 oil would change things a bit more, obviously," Bartole said. "We can easily pull back capital. We're a small company, we're nimble. We make decisions quick." Brent futures and West Texas Intermediate crude futures have slumped since U.S. President Donald Trump's April 2 announcement of broad tariffs. Oil prices steadied on Tuesday as a recovery in equity markets was outweighed by recession fears exacerbated by trade conflict between the United States and China, the world's two biggest economies. Brent futures were up 33 cents, or 0.5%, at $64.54 a barrel at 1400 GMT. WTI crude futures rose 41 cents, or 0.7%, to $61.11. Chris Carlsen, CEO of Canadian natural gas producer Birchcliff Energy ( opens new tab, said the sector is concerned about the potential for a global recession, though he said many Canadian companies are well-positioned to handle a $60 oil price environment. He said the slide in oil prices could benefit natural gas producers in the long term if it leads to an overall reduction in North American drilling. "When they're drilling less oil, there's less associated gas with that, which means we could be short on the natural gas production side," Carlsen said.
Yahoo
08-04-2025
- Business
- Yahoo
Canadian oil and gas CEOs avoiding 'rash' decisions during price rout
By Amanda Stephenson TORONTO (Reuters) - The CEOs of two Canadian oil and gas producers said on Tuesday they are seeking to avoid making rash decisions, as global oil prices hover around four-year lows and recession fears grow. Doug Bartole, CEO of Calgary-based InPlay Oil, said his company does not foresee reducing production or capital spending in the short term, despite the recent tariff-related fall in oil prices. "Don't make any rash decisions. Let's take a longer view of things and see where it all settles out," Bartole said in an interview in Toronto. But he said that could change if oil continues its slide. "I think $50 oil would change things a bit more, obviously," Bartole said. "We can easily pull back capital. We're a small company, we're nimble. We make decisions quick." Brent futures and West Texas Intermediate crude futures have slumped since U.S. President Donald Trump's April 2 announcement of broad tariffs. Oil prices steadied on Tuesday as a recovery in equity markets was outweighed by recession fears exacerbated by trade conflict between the United States and China, the world's two biggest economies. Brent futures were up 33 cents, or 0.5%, at $64.54 a barrel at 1400 GMT. WTI crude futures rose 41 cents, or 0.7%, to $61.11. Chris Carlsen, CEO of Canadian natural gas producer Birchcliff Energy, said the sector is concerned about the potential for a global recession, though he said many Canadian companies are well-positioned to handle a $60 oil price environment. He said the slide in oil prices could benefit natural gas producers in the long term if it leads to an overall reduction in North American drilling. "When they're drilling less oil, there's less associated gas with that, which means we could be short on the natural gas production side," Carlsen said. Sign in to access your portfolio
Yahoo
16-03-2025
- Business
- Yahoo
Birchcliff Energy Full Year 2024 Earnings: Beats Expectations
Revenue: CA$601.4m (down 14% from FY 2023). Net income: CA$56.1m (up 474% from FY 2023). Profit margin: 9.3% (up from 1.4% in FY 2023). The increase in margin was driven by lower expenses. EPS: CA$0.21 (up from CA$0.037 in FY 2023). Oil reserves Proven reserves: 9.701 MMbbls. Gas reserves Proven reserves: 3078.54 Bcf. LNG reserves Proven reserves: 72.227 MMbbls. Combined production Oil equivalent production: 27.994 MMboe (27.63 MMboe in FY 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates by 91%. In the last 12 months, the only revenue segment was Oil & Gas - Exploration & Production contributing CA$601.4m. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to CA$246.6m (97% of total expenses). Explore how BIR's revenue and expenses shape its earnings. Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Oil and Gas industry in Canada. Performance of the Canadian Oil and Gas industry. The company's shares are up 10% from a week ago. We should say that we've discovered 1 warning sign for Birchcliff Energy that you should be aware of before investing here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
19-02-2025
- Business
- Yahoo
Invest $12,000, Create $820.40 in Passive Income From This Dividend Stock
Written by Amy Legate-Wolfe at The Motley Fool Canada Are you looking to make some cash? Investing $12,000 in Birchcliff Energy (TSX:BIR) could be a great way to generate passive income while also gaining exposure to the energy sector. As a mid-cap natural gas producer operating in the Montney formation, Birchcliff has built a strong reputation for its efficient operations and disciplined capital allocation. While energy stocks can be cyclical, Birchcliff's consistent dividend payments and long-term growth strategy make it an appealing option for income-seeking investors. The dividend stock currently offers an annual dividend of $0.40 per share, translating to a yield of around 6.99% at recent prices. Quarterly dividend payments provide a steady cash flow to investors looking for passive income. So, with the most recent numbers, here is how much a $12,000 investment could create in passive income. COMPANY RECENT PRICE NUMBER OF SHARES DIVIDEND TOTAL PAYOUT FREQUENCY TOTAL INVESTMENT BIR $5.85 2,051 $0.40 $820.40 quarterly $12,000 But is that dividend cash-supported? Birchcliff's recent financial performance has been a mixed bag. In the third quarter of 2024, the dividend stock reported revenue of $144.1 million, which represented a 15% decline compared to the same period in 2023. Additionally, the dividend stock posted a net loss per share of $0.04 for the quarter, highlighting some of the challenges faced in the energy sector. Declining natural gas prices and lower demand have weighed on earnings, but Birchcliff remains committed to maintaining financial discipline and protecting shareholder returns. One of the key factors investors need to consider when looking at Birchcliff is its dividend history. The dividend stock has made adjustments to its dividend payouts in response to market conditions, reducing its dividend from $0.20 per share in late 2023 to $0.10 per share in early 2024. While dividend cuts can be concerning, they also reflect the company's prudent approach to capital management. Rather than taking on excess debt or issuing new shares, Birchcliff aims to align its payouts with its cash flow and profitability. Looking ahead, Birchcliff has a clear strategy for navigating the challenges of the energy market. The dividend stock continues to focus on improving operational efficiency in its Montney assets while keeping costs under control. With natural gas prices expected to stabilize over the long run, Birchcliff's strong asset base and disciplined spending should help it generate sustainable cash flow. If commodity prices recover, the dividend stock could even increase its dividend in the coming years. Of course, like any stock, Birchcliff comes with risks. The biggest concern for energy investors is volatility in commodity prices. Natural gas prices are influenced by factors such as weather patterns, global supply and demand, and geopolitical events. Any downturn in pricing could impact Birchcliff's revenue and profitability, potentially leading to further dividend adjustments. Plus, the company carries a total debt of approximately $492.78 million. This, while manageable, means it must balance debt repayment with shareholder returns. For investors seeking passive income, Birchcliff presents an opportunity to earn reliable cash flow while gaining exposure to an essential industry. By investing $12,000, you could generate over $800 per year in dividend income, which could be reinvested to compound returns or withdrawn to support expenses. As long as the company continues its disciplined approach to managing costs and optimizing production, its dividend should remain a key attraction for income-focused investors. While energy stocks aren't without risk, Birchcliff's combination of a high dividend yield, operational strength, and long-term potential makes it a strong candidate for those looking to build passive income. By staying informed on earnings reports, dividend updates, and industry trends, investors can position themselves to maximize the benefits of this investment. The post Invest $12,000, Create $820.40 in Passive Income From This Dividend Stock appeared first on The Motley Fool Canada. Before you buy stock in Birchcliff Energy Ltd., consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Birchcliff Energy Ltd. wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $18,750.10!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 35 percentage points since 2013*. See the Top Stocks * Returns as of 1/22/25 More reading 10 Stocks Every Canadian Should Own in 2024 [PREMIUM PICKS] It's Time to Buy: 1 Canadian Stock That Hasn't Been This Cheap in Years Where to Invest Your $7,000 TFSA Contribution 3 No-Brainer TSX Stocks to Buy With $300 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. 2025
