RE:Tamarack $6/share Raymond James, Jeremy McCrea Says
Tamarack $6/share Raymond James, Jeremy McCrea Says
TAMARACK ENERGY ADDED CLEARWATER OIL ASSETS & will drill more oil wells than anyone in 2022 the most including Headwater or Baytex or Spur ... So its a fairly sizeable deal representing about 10% of market cap. But it is a typical public co. buying a private co. transaction, with TVE shares higher valued than private entities. It further consolidates the Clearwater oil play, and adds production, drilling locations and acreage. It is 7% accretive to cash flow. TVE is funding it with shares and debt, and has the capacity to do so. We would consider it a good move for the company. $6 Tamarack in 2022 RaymondJames Report Multiple Expansions yes 2022 Clearwater oil assets