BIRCHCLIFF ENERGY $7.96 (Toronto symbol BIR; TSINetwork Rating: Speculative) (403-261-6401; www.birchcliffenergy. com; Units outstanding: 141.8 million; Market cap: $1.1 billion; No dividends paid) produced an average of 26,655 barrels of oil equivalent a day (82% natural gas and 18% oil) in the quarter ended December 31, 2013. That was up 34.5% from 19,812 barrels a year earlier.
The production increase pushed up Birchcliff’s cash flow per share by 16.7%, to $0.28 from $0.24 a year earlier.
The stock trades at 7.1 times the company’s annual cash flow, based on the latest quarter.
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