Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, May 24, 2013

Article Excerpt

BIRCHCLIFF ENERGY INC., $8.48, symbol BIR on Toronto, develops, produces and explores for oil and natural gas, mainly in the Peace River Arch area near the Alberta/B.C. border. In the three months ended March 31, 2013, the company produced an average of 26,108 barrels of oil equivalent a day (82% gas and 18% oil). That was up 24.0% from 21,061 barrels a year earlier. The production increase pushed up Birchcliff’s cash flow per share by 33.3%, to $0.28 from $0.21. Last year, Birchcliff completed Phase III of its gas plant expansion in Pouce Coupe, Alberta. This project doubled the facility’s capacity and is helping the company bring the additional gas it is producing to market. That accounted for a lot of the production increase. The stock trades at 7.6 times the company’s annual cash flow, based on the latest quarter. Birchcliff is still a buy for aggressive investors. Please make sure you are logged in to your account to access these articles. Click here…