Tamarack energy TVE-T we 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 come 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