Birchcliff Energy Ltd. (BIREF), an intermediate oil and natural gas company, acquires, explores for, develops, and produces natural gas, light oil, condensate, and natural gas liquids in Western Canada. The stock has gained 100.1% over the past year to close its last trading session at $7.37.
Supported by its impressive adjusted fund flows, the company reduced its total debt by 47% as of March 31, 2022. Jeff Tonken, Chief Executive Officer of Birchcliff, said, “We continue to be committed to maximizing free funds flow generation and significantly reducing indebtedness.”
