Tamarack Valley Energy Ltd T.TVE

Nuttall Details

[retiredcf]

https://www.bnnbloomberg.ca/video/eric-nuttall-discusses-tamarack-valley~2192562

BUY

 

Tamarack Valley Energy

(TVE-T)

April 30, 2021
 

Has done a fantastic job at scaling up and increasing their assets. They have 2 new core plays with some of the best economics in Canada. At $60 oil, trading at 2.9x enterprise value to cashflow at 23% cashflow yield. Small cap light oil names is getting more attention. Still excited about it. (Analysts’ price target is $3.50)
 

OIL/GAS

Eric Nuttall 

 

Price

$2.560

Owned

Yes

[Bennys65]

Eric put a very loose value on recent BTE news of their clearwater property of 450 million.Half of bte market cap.Based on one well thinks they have derisked 60 sections.Using the same metrics I wonder what the TVE position might be worth.As an aside to the right of Jarvie is more clearwater called Newbrook.Crestwyn a private has licened alot of wells there and TVE also has land in the area.I dont

[Bennys65]

Think TVE at present has 160 plus sections of clearwater

[fabdaq2021]

could someone briefly explain what Nuttal is referring to when he talks about ESG.  I would appreciate it

[fogduckker]

"ESG" stands for Environmental, Social and Governance.  It is very important to the investment thesis now as there are many large players like pension funds, university endowment funds (Harvard's ufnd itself is over 40 Billion) that filter investments with ESG consideration. Or Blackrock for instance that want 50% of their investments to be carbon neutral by 2025 I think. (My

[fabdaq2021]

ok that makes sense.  I kind of new it had to deal with environmental issues but your explanation is perfect.  Thanks so much!

[caretired1]

And G for Governance meaning does management own enough shares so they have very good alignment with all shareholders, amongst other things like integrity

[mezcal1]

Nutall is on the mark with TVE. I was researching another stock I own and Nine Point (Eric and friends) just came on board. BCA.