Tamarack Valley Energy Ltd T.TVE

Inventory

[frankie14]

I'm thinking of buying some shares since I don't think the price can go much lower, can't resist trying to catch a falling knife just as it hits the floor. I think they will raise the dividend Feb. 28 as they've met their 1st debt target and with buybacks the share price should start to go up even if the oil price stays the same.  Could anyone tell me how many years of inventory TVE has, I can't seem to find this information anywhere. My main oil holding CPG has over 20 years of prime drilling. Thanks in advance.

[MLEWICKIMBA]

They say 10 years and 8.7BLN Barrels in the ground and they will barely touch that the next five years. Slide 3 of January 2024 Presentation  Slide 15 breaks down reserves  What I like is their hedges in place create a floor right now.   They will reduce more debt in 2024, pay their dividend and buyback cheap shares.  A reasonable balance sheet we will see in 23 days.

[wannabebuffet]

I believe there has been an increase to the inventory levels since the January presentation. Brian refers to it in one of his interviews. The independent inventory report for the Native funding shows 30 years of drilling inventory. Brian said he always worried about inventory but not anymore. Brian mentioned 50 years of production with current inventory. He says he may still be on the board in 50

[MLEWICKIMBA]

Not reflected in the price that is for sure  3 bucks for 50 years of cash flow 

[Dibah420]

A friendly suggestion, and it requires patience.  You have better chances of getting a clean grasp on the hilt if you wait till after the knife bounces off the floor and is on its way up. A dividend increase in Feb in the current circumstances is a bad idea.  Because once you increase it, you are stuck with it.  And while there is always the option each Q for a div. reduction or