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What if I told you that there was a stock on the TSX with a 4.57% dividend yield and a share price that has a 52-week low of $1.69 and $4.64. This is actually a reality for investors of Birchcliff (TSX:BIR) . The company engages in the exploration for and the development, production, and acquisition of petroleum and natural gas reserves in Western Canada. An interpretation of the numbers Birchcliff is one of a handful of companies in the oil and gas sector that reports positive retained earnings. This is a good sign for investors, as it indicates the company has achieved more years of net income than net losses. For the six months ended June 30, 2019, the company reports an acceptable balance sheet with a growth in assets of $77 million driven by increases in PP&E of $143 million. The company reduced its A/R from $52 million to $48 million, which is a good sign for investors, as it indicates the company is collecting from its debtors. The company ended the year with retained earnings of $171 million, which is down slightly from $178 million the prior year. Looking at the income statement, overall revenues decreased by […]
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