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Tamarack Valley Energy Ltd T.TVE

Alternate Symbol(s):  TNEYF

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

Post by BCthoughtson Jul 14, 2022 12:42am
259 Views
Post# 34823096

Average Target $8.00

Average Target $8.00"11 of the 13 analysts following the company rate it as a BUY. The high target is $12.50 and the low is $6.00. The median is $8.00. In USD these would convert approximately to $5.20 to $10ish per share.

I think investors looking for growth and increasing income should take a careful look at the company at its current price. They should be selling for substantially more, at the very least back to the $5.00 share price they attained in early June. The company's long life, low decline assets should provide a runway for increased output in years to come without further acquisitions. If they attain the debt level they are targeting of $200 mm the OCF multiple would adjust down to 3.75. To keep it the same as now the share prices would need to adjust back toward the $5.00 level."

 

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