Tamarack Valley Energy Ltd T.TVE

ERIC Nuttal today 12pm EST on BNN

[rexrex]

https://www.bnnbloomberg.ca/market-call/guests


He normally talks about his past picks, TVE he has talked about a lot...some commentary from his past shows as follows:

November 20, 2020

 

At $45 oil, the target price would be $1.50. At current oil prices, it is trading at a 4% free cashflow yield. He believes this company will not be around for much longer. The valuation is very compelling. However, either they need to get bigger or to get out and be scaled up by someone else.

October 16, 2020

 

At $60 oil, share prices should be at $2.80 (269% upside). Even without higher oil prices, the share prices have been so depressed that it is trading right now at 14% free cashflow yield at current prices.

August 6, 2020

 

It remains a top holding for him. The company is cheaply valued relative to asset quality and balance sheet strength. He thinks it's too cheap to last and the sector will probably consolidate. He expects it to be acquired at a meaningful premium.

September 18, 2020

 

It is the poster child of the left-for-dead names for no fault of their own. They have a strong balance sheet, and lean asset base but they were beaten down because they are less focused on growth. They can generate a lot of free cashflow.