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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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