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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 bows333on Jul 17, 2024 3:15pm
159 Views
Post# 36137159

RE:RE:RE:RE:Why all the sellers?

RE:RE:RE:RE:Why all the sellers?Having watched commodity stocks for decades, it is common for commodity stocks to fall in a falling stock market when commodity prices are going up. Why? People who bought on margin face margin calls in their non-commodity holdings, and need to sell their winners to raise cash. As long as the commodity price stays up, this passes in a few months. Long-term, earnings dominates everything. Falling commodity prices in a falling market are absolutely brutal for commodity stocks. If you have been around for at least a decade, you have seen this. I do not believe we are in for a period of falling commodity prices. Half of all the US dollars in existence have been created over the past 5 years. Inflation will continue for some time to come, and will carry commodities. Gold is solidly over $2400, silver settling in over $30. I find it very helpful to compare the ratio of one commodity to another as a value measure. Difficult to see oil going down and staying down in this environment (check the 3-year WTI chart). Having said that, there are a couple of oil companies out there, profitable and dividend paying at the present time, that will likely be massively expanding production over the next few years. Interestingly, these companies are also fairly cheap on a PE basis at the present time. This presents a once-in-a-decade wealth building building opportunity, but one needs to have a 5-10 year horizon. This is one of those companies, in my opinion. At the rodeo, bulls hate to be ridden, and will do everything in their power to throw you off; bull markets are no different. Form your own opinion.
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