23:53:45 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Birchcliff Energy Ltd
Symbol BIR
Shares Issued 266,434,321
Close 2023-10-12 C$ 7.82
Market Cap C$ 2,083,516,390
Recent Sedar Documents

Globe says Birchcliff insiders buy on recent pullback

2023-10-13 08:13 ET - In the News

The Globe and Mail reports in its Friday, Oct. 13, edition that Birchcliff Energy stock started to regain a bit of momentum this fall on the back of surging natural gas prices. The Globe's regular guest columnist writes in the Who Is Buying and Selling column that on a recent pullback, Birchcliff insiders reported buying shares in the public market. On Oct. 5, chief executive officer and chairman Jeffery Tonken bought 2,800 shares at $7.31. President and chief operating officer Chris Carlsen was also buying, picking up 2,700 common shares at $7.41. Senior officer Theo van der Werken was the biggest buyer, acquiring 6,878 common shares at $7.28. Finally, another insider also bought 3,394 common shares. Insider buying is often seen as a bullish signal. The Globe reported on May 12 that Raymond James analyst Jeremy McCrea said Birchcliff Energy shares had hit bottom and were poised to rebound. As such, he upgraded his recommendation to "outperform," from "market perform." Birchcliff was then worth $7.59. The Globe reported on July 14 that BMO Capital Markets analyst Randy Ollenberger had lowered his recommendation for Birchcliff to "market perform" from "outperform." The shares could then be had for $7.47.

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