Nuttall DetailsSecond stock in the clip. I believe he said that he owns 5% of the company. GLTA
https://www.bnnbloomberg.ca/video/eric-nuttall-s-top-picks~2169129
Tamarack Valley (TVE TSX)
Tamarack recently entered into the Clearwater play, the most profitable oil play in North America via a series of acquisitions offering a more exciting element to the story. Trading at only 2.5X 2022 EV/CF at $60WTI and a 24 per cent free cash flow yield we think Tamarack could soon begin to pay a dividend while also modestly growing production and further returning capital to shareholders via a share buyback. At $60WTI Tamarack could buy back all of its outstanding shares and pay off all of its bank debt in only 4.6 years yet has many more years than that of running room in their various plays. We think fair value is 4X EV/CF at $60WTI = $3.50 share price = 67 per cent potential upside.
TOP PICK
Tamarack Valley Energy
(TVE-T)
March 26, 2021
A clearwater play. Trading at 2.5x cashflow. Once they pay down debt from acquisitions, you could see them buy back stocks. Really mis-priced right now. A great opportunity to get access to the most profitable play in Canada. New leg of growth and balance sheet is strong. MnA is possible. (Analysts’ price target is $3.06)
OIL/GAS
Eric Nuttall
Price
$2.290
Owned
Yes