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Birchcliff Energy upgraded to Buy from Hold at TD Securities
The Fly

Birchcliff Energy upgraded to Buy from Hold at TD Securities

TD Securities upgraded Birchcliff Energy (BIREF) to Buy from Hold with a price target of C$7, up from C$5.50. The company’s dividend is now “rightsized” and its 2024 showed positive operational momentum, the analyst tells investors in a research note. The firm sees improving well results driving improved capital efficiencies in 2025.

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