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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

Post by taxman26on May 04, 2022 5:03pm
258 Views
Post# 34656599

Down today

Down todayLets look at this logically. TVE Is the only small cap Canadian oil that is down today that i follow. WTI was up 5%. Does that make any sense? The stock was down as much as 5% on a positive day for all other smaller oil companies. Now look at the last two trading days. Huge sell volume at open to hit all the stop losses. Short, and buy back all day and then large up volume to close all short shares for the day. Rinse and repeat. Anyone who had stoploss for shares following earnings got taken out. This is a game for accumulation buy some institution. They make you nervous and anxious by keeping the shares underperforming peers then scoop your shares. Two reasons i know, get position for a fund or accumulation for a takeover pursuit. I am betting takeover, not sure when. The company just posted earnings, no surprises. Gave strong outlook. Hedged for costs. I understand frustration at underperformance but don't tell me this an unprofitable stock or getting nsked shorted, that is nonsense. I made my bet because there is no evidence of mismanagement just happens to be under accumulation strategy.Seen it before. They short in morning and buy the close.
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