Note on Tuktu from the guy who raved aboutTenaz and valeura full link : https://www.hydracapital.ca/2025/01/04/focus/
TUK is my penny oil speculation for 2025. Last I heard, the plan was to drill a horizontal follow-up to the vertical proof-of-concept test from last year that flowed some 400 bopd with no initial apparent decline from a Mississippian reservoir. The company raised $10 million with relative ease in Q4 2024 and is ready to hit this play with the truth stick (i.e., the drill bit). I would refer people to TAO when thinking about what could go wrong here, but I have to say that TUK’s vertical test data reads better than TAO’s at this stage and TUK’s drilling is expected to be less challenging technically. How the horizontal well goes is anyone’s guess, but indications are positive for speculators like me. In a success case, TUK could prove out a material oil discovery here in time and could be worth multiples of the current share price regardless of what the broader market is doing. If this play is what it looks like it is, it will/could prove to be highly economic and would make an easy tuck-in for a domestic producer looking for a nice, high-return light oil development project. I’m hoping to see the first horizontal well spud in February which will be here before you know it, so don’t touch that dial…