The Vice-President Corporate Development of Birchcliff Energy (Other OTC: BIREF) is Buying Shares

Today, the Vice-President Corporate Development of Birchcliff Energy (BIREFResearch Report), James William Surbey, bought shares of BIREF for $73.45K.

Following this transaction James William Surbey’s holding in the company was increased by 4% to a total of $1.44 million. Following James William Surbey’s last BIREF Buy transaction on March 17, 2020, the stock climbed by 0.5%.

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Currently, Birchcliff Energy has an average volume of 16.68K. The company has a one-year high of $2.96 and a one-year low of $0.40.

Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $1.31, reflecting a -12.2% downside. Three different firms, including Canaccord Genuity and Stifel Nicolaus, currently also have a Buy rating on the stock.

The insider sentiment on Birchcliff Energy has been positive according to 59 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Birchcliff Energy Ltd. is an intermediate oil and natural gas company, which engages in the exploration, development, and production of natural gas, crude oil, and natural gas liquids (NGLs). Its properties include Peace River Arch, and the Montney/Doig Resource Play. The company was founded by Myles R. Bosman, Gordon W. Cameron, Bruno P. Geremia, Laurence A. Shaw, Werner A. Siemens, James W. Surbey, and A. Jeffery Tonken on July 6, 2004 and is headquartered in Calgary, Canada.