GREY:TVETF - Post by User
Post by
stockfyon Mar 01, 2019 9:29am
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Post# 29427987
TVL: AECO and Duvernay (100,000 net acres)
TVL: AECO and Duvernay (100,000 net acres)AECO has tripled since Q3 and TVL produces more than 50% natural gas. This is why TVL has tied in previously uneconomic natural gas wells, read its past news of the second half of 2018.
Also, TVL owns almost 100,000 net Duvernay acreage. This is net acres, this is not gross.
At a minimum of $500 per acre, TVL can sell it for C$50 million. This is C$50 million, so TVL accumulates a ton of cash and drills its other remaining Mannville acreage in Alberta. Read its presentation, TVL has both Duvernay and Mannville.
See also Transglobe Energy (TGL) or TGA the ticker in the US before it sky rockets too..
TGL is dirt cheap trading less than 2 times its annual cash flow, gives dividend, production growth, no debt problems and a lot of FREE CASH FLOW.