Birchcliff Energy Ltd. Can’t Burn Your Short Portfolio. Has Another Weak Session

 Birchcliff Energy Ltd. Can't Burn Your Short Portfolio. Has Another Weak Session

The stock of Birchcliff Energy Ltd. (TSE:BIR) is a huge mover today! About 451,717 shares traded hands. Birchcliff Energy Ltd. (TSE:BIR) has risen 60.83% since March 24, 2016 and is uptrending. It has outperformed by 57.35% the S&P500.
The move comes after 9 months negative chart setup for the $2.23B company. It was reported on Oct, 31 by Barchart.com. We have $7.75 PT which if reached, will make TSE:BIR worth $200.70 million less.

Birchcliff Energy Ltd. (TSE:BIR) Ratings Coverage

Out of 7 analysts covering Birchcliff Energy Ltd. (TSE:BIR), 6 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. Birchcliff Energy Ltd. has been the topic of 23 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Friday, February 12 by BMO Capital Markets. Scotia Capital maintained it with “Focus Stock” rating and $12 target price in Friday, August 12 report. RBC Capital Markets upgraded Birchcliff Energy Ltd. (TSE:BIR) on Thursday, February 11 to “Outperform” rating. Raymond James maintained the stock with “” rating in Monday, June 6 report. RBC Capital Markets maintained Birchcliff Energy Ltd. (TSE:BIR) on Friday, January 22 with “Sector Perform” rating. As per Monday, August 22, the company rating was maintained by Scotia Capital.

More important recent Birchcliff Energy Ltd. (TSE:BIR) news were published by: Marketwired.com which released: “Birchcliff Energy Ltd. Increases Size of Bought Deal Financing” on June 22, 2016, also Fool.ca published article titled: “Birchcliff Energy Ltd. Just Went All-In on Rising Oil Prices”, Business.Financialpost.com published: “Seymour Schulich lightens up on Birchcliff Energy ownership, sells for estate …” on August 09, 2016. More interesting news about Birchcliff Energy Ltd. (TSE:BIR) was released by: Marketwired.com and their article: “Birchcliff Energy Ltd. Announces Closing of Strategic Montney/Doig Acquisition …” with publication date: July 28, 2016.

Birchcliff Energy Ltd. is an intermediate oil and natural gas company. The company has a market cap of $2.23 billion. The Firm is engaged in the exploration for and the development, production and acquisition of petroleum and natural gas reserves in Western Canada. It currently has negative earnings. The Company’s activities are concentrated within core area, the Peace River Arch, which is centered over 90 kilometers northwest of Grande Prairie, Alberta, adjacent to the Alberta/British Columbia border.

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