Traverse Energy Ltd TVETF

Energy Oil & Gas E&P

Traverse Energy Ltd is a Canada-based company. The Company is engaged in oil and gas exploration, development and production activities. It conducts its operations in the province of Alberta. The Company’s assets are located in the Carbon, Turin and Greater Coyote areas of Alberta as well as in the Duvernay land base located in the Buffalo Lake, Chigwell and Pigeon Lake areas of Alberta. The Greater Coyote area includes properties in the Chain Lakes, Coyote, Hanna, Michichi, and Watts areas of Alberta.

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Traverse Energy Ltd > TVL: AECO and Duvernay (100,000 net acres)

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Comment by stockfyon Mar 05, 2019 10:39am

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Post# 29443247

RE:TVL: AECO and Duvernay (100,000 net acres)

AECO closed at CAD$5.66 yesterday, see psac, which bodes very well for TVL's natural gas production.

stockfy wrote: 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 4% dividend, has production growth YoY, no debt problems and a lot of free cash flow.