Tamarack Valley Energy Ltd T.TVE

Alternate Symbol(s): TNEYF

Energy Oil & Gas E&P

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

Tamarack Valley Energy Ltd > Five Dollars & Sixty. $5.62 Tamarack. Eric says on BNN

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Post by Petro2021TVEBTEon Jul 31, 2021 10:16pm

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Post# 33637720

Five Dollars & Sixty. $5.62 Tamarack. Eric says on BNN

$5.62 Eric Nuttall on BNN Marketcall BNN Bloomberg Friday July 30th Clearwater play Sexy Charlie Lake play sexy oil Netbacks

Two links. One for a question and again for top picks (first stock in the clip). GLTA

https://www.bnnbloomberg.ca/video/eric-nuttall-s-top-picks~2251608

2https://www.bnnbloomberg.ca/video/eric-nuttall-discusses-tamarack-valley-energy~2251582

Theme is small cap stocks that can potentially DOUBLE despite having already doubled over the past year

Tamarack Valley (TVE TSX)

Market Cap: $1.04B

Tamarack has successfully pivoted from a company with a boring albeit profitable suite of assets to one with several years of running room in the hottest plays in Canada. Trading at 2.2x EV/’22 CF and a 31 per cent free cashflow yield we look to the company to announce an aggressive return of capital plan this September. Given such profound mispricing we hope the company will announce a five per cent base dividend along with a 10 per cent share buyback which would still leave $150MM of additional free cashflow with which to delever (debt/cashflow of < 0.5x) or add further to their inventory. A target multiple of 4.0x EV/CF equates to a $5.64 target price potentially returning 119 per cent from current levels.

TOP PICK

Tamarack Valley Energy

The largest holding in his fund. Trading at 2.1x enterprise to cashflow. 31% free cashflow. Have pivoted to the 2 hottest plays in Canada. Clearwater exposure should give them 4.5x multiple. The balance sheet is incredible and board and management are aligned for return of capital. Could initiate a 5% dividend and 10% share buy back with 100M free cash flow remaining. (Analysts’ price target is $4.25)

OIL / GAS

Eric Nuttall

$2.650

Owned

BUY

Tamarack Valley Energy(TVE-T)

29/07/2021

Profoundly mispriced energy stock. Has done a good job with pivoting into the two exciting plays, Clearwater and Charlie Lake. 31% free cashflow yield, which means they can privatize themselves in 3 years. Could easily pay a 5% dividend and buy back stocks with free cashflow left over. Biggest holding for him.