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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 wannabebuffeton Jan 09, 2025 11:38am
152 Views
Post# 36396183

RE:RBC

RE:RBCWith a recent TVE 52 week high of $4.98 and an RBC $5.00 price target they sure don't want to stick their necks out.
Makes me laugh.
Good chance RBC will hit their target price.

A more likely price would be 4 times quarterly earnings of .17 cents = .68 cents per year times 10X earnings = $6.80.
I believe that to be really conservative.

All the best to everyone in 2025 and beyond.
I am in for the long term
I want to see how this plays out.
With a 5 year plan that will see less than 1 percent of their oil reserves in the Clearwater extracted I think it is a pretty good bet.
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