TSX:BBTV.DB - Post by User
Comment by
CanadianKiaon Oct 28, 2022 12:34pm
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Post# 35056168
RE:Here is a great investment
RE:Here is a great investmentEQUITY RESEARCH October 27, 2022 Earnings Update TAMARACK VALLEY ENERGY LTD. Q3/22 Slight Beat: Upcoming Drilling Catalysts In The
Clearwater Our Conclusion Tamarack reported relatively strong Q3/22 results, with a cash flow beat on production and capex that we take as being in line. Production guidance for Q4/22 looks better than estimates, likely owing to the early closing of the Deltastream acquisition. We see the upcoming well results from Peavine and Seal as potential catalysts for the shares over the next three months. The stock has been a strong performer over the last month following increased stability in oil pricing, along with Tamarack offering additional oil torque in 2023 post the acquisition of Deltastream. We believe the asset exposure in Tamarack carries potential to see the stock sustain a premium valuation to its peers through time. The stock is currently trading at 3.5x 2023E EV/DACF on strip (peers at 3.1x) and a free cash flow yield of 19% (peers 19%). Our estimate revisions are minor following this update and as such we maintain our Outperformer rating and $6.00 price target. CanadianKia wrote: Go look up TVE.
They JUST announced their earnings and its everything a REAL investor would look for. Solid profitable growth YoY. Revenue keeps growing thanks to oil prices. Investment in share buy backs. f'ing gold for the long term. you will get a better return on your money on this one that BBTV.