Tamarack Valley Energy Ltd T.TVE

Nuttall Details

[retiredcf]

First stock in the clip; it is the only one of his past picks that he owns personally. GLTA

https://www.bnnbloomberg.ca/video/eric-nuttall-s-past-picks~2500954

Tamarack Valley (TVE TSX)

• Then: $2.69
• Now: $4.12
• Return: 53%
• Total Return: 55%

PAST TOP PICK

Tamarack Valley Energy(TVE-T)

11/08/2022 at 08:00pm

 

(A Top Pick Jul 20/21, Up 55%) Still owns stock and is largest shareholder of the company. Company operating in the Clearwater play with large position. Market concerns that will over bid on sale of Deltastrem Exploration (neighbors in the same play). Currently trading at ~1.9x cash flow with 33% free cash flow. Expecting 75% of free cash flow to be returned next year. Believe a 5x multiple is reasonable which equates to ~$11 share price.

OIL / GAS

 

Eric Nuttall

$4.180

Owned

 

[Dadsaid2]

Yesterday is just a moment in time. Looking back, TVE high was 6.48 and was well over 5.00 for quite a while. Im sure Eric would have sold some for the gains at those higher prices and has since bought back the position at below $4. Thats what l did!..lol. GLTA

[Re1ndeer2]

Article Aug 4 2022.....We are actively looking at things; we’ve been in several bid processes,” said Cardinal Energy CEO Scott Ratushny.       Article content “We don’t need to buy anything and I think that seems to be a general consensus in industry now. We’ve got 10 years’ worth of drilling inventory so there’s no real impetus to buy something unless it’s a good deal.”

[SeargentPepper]

Good info. I'll be curious to see if the words "accretive" and "premium" get resolved given the volatility of the last couple of years. 

[Bennys65]

Good point

[egee]

Major shareholders may have suggested to Brian to "pump the brakes" on the delta diddy...

[Mr.Nugget]

Brian does what he wants