Tamarack Valley Energy Ltd T.TVE

RE:TAMARACK ENERGY TO $5 Seeking Alpha 40,000 boed

[Petro2021TVEBTE]

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TAMARACK ENERGY TO $5 Seeking Alpha 40,000 boed

Tamarack Valley Energy TVE-T Going to $5/share SEEKING ALPHA 40,000 LIGHT BARRELS OIL DAILY AT $75 / BARREL  SOON Tamarack 

UPGRADED AGAIN TODAY TAMARACK ENERGY $4.50 ERIC NUTTALL SAID $4.611 Oil loutlook of $75 in 2021 and $80 in 2022—in line with RBC Commodity Strategist Mike Tran’s recent update—combined with reset cost structures is driving abundant cash flow and free cash flow generation amongst energy producers. This dynamic opens the door to shareholder returns, but also a potential acceleration of ESG enhancements. Positioning-wise, we are somewhat agnostic between upstream/downstream-weighted companies given narrow regional oil differentials and a much improved refined product inventory picture following Texas mayhem earlier this year. Exhibits 2 and 3 outline our updated commodity price outlook, which also reflects a $5 increase in our long-term equilibrium Brent price to $60....