Tamarack Valley Energy Ltd T.TVE

Alternate Symbol(s): TNEYF

Energy Oil & Gas E&P

Tamarack Valley Energy Ltd. is a Canada-based oil and gas exploration and production company. The Company's asset portfolio is comprised of oil plays in Alberta, including Charlie Lake, Clearwater and several enhanced oil recovery (EOR) opportunities. The Company has an inventory of low-risk, oil development drilling locations. Its Clearwater oil play is located in north-central Alberta. Its Charlie Lake oil play is located in northwestern Alberta. Its EOR portfolio includes a set of assets across Alberta representing a range of formations and production types. The Company’s subsidiary is Tamarack Ridge Resources Inc.

TSX:TVE - Post by User

Tamarack Valley Energy Ltd > $7 Tamarack is easy 2022 at 6X Multiple again

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Comment by Petro2021TVEBTEon Mar 30, 2021 6:00pm

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Post# 32910936

RE:RE:$7 Tamarack is easy 2022 at 6X Multiple again

Tamarack energy TVE-T in 5 year BULL MARKET OIL TILL 2026
believe the value of the acquired acreage appears to have been greatly overlooked.”

Mr. McCrea raised his target for the Calgary-based company by $1 to $3.50. The average on Street is $3.06

“TVE has potentially coWE WE me across a top decile asset with years of running room based on recent and early exploration results. A few more months of data will likely confirm this, which we expect will lead TVE expanding its capex and production guidance later this year. With D/EBITDA at 0.7 times, EV/FCF yield at 19 per cent, EV/PDP at 1.4 times and a much improved profitability outlook with the Clearwater asset, we believe there’s plenty of upside not appreciated by the market yet. Given all of this we are upgrading.
Facts Are Facts Tamarack energy Producing Highest Netbacks in Canadian oilpatch $50 barrel soon in The Clearwater Basin
Cheers PetroGirl
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