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Tamarack Valley Energy Ltd T.TVE

Alternate Symbol(s):  TNEYF

Tamarack Valley Energy Ltd. is a Canada-based oil and gas exploration and production company. The Company's asset portfolio is comprised of oil plays in Alberta, including Charlie Lake, Clearwater and several enhanced oil recovery (EOR) opportunities. The Company has an inventory of low-risk, oil development drilling locations. Its Clearwater oil play is located in north-central Alberta. Its Charlie Lake oil play is located in northwestern Alberta. Its EOR portfolio includes a set of assets across Alberta representing a range of formations and production types. The Company’s subsidiary is Tamarack Ridge Resources Inc.


TSX:TVE - Post by User

Comment by kisstopherpon Jun 15, 2021 8:19am
221 Views
Post# 33387069

RE:Oil up $1 close to $72.

RE:Oil up $1 close to $72. Yup, WTI @ $72 and TVE trading at 

1 Billion market Cap / 38,0000 BOE = $27K per flowing barrel

Should be valued in the 35K-45k/BOE minimum at this oil price. 

$35K*38K BOE = $1.33 Billion Market cap / 407M S0 = $3.26 Share Price at a minimum and were at $2.6. Just crazy

On every metric this and many other O&G companies are at a multiple that is attributed to $50 WTI not $72
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