Tamarack Valley Energy Ltd T.TVE

Tamarack the untold story

[MustangMatt]

What is not talked about with TVE is there exposure to nat gas.   Nat Gas looks to be going to $3.  If I am management at Tamarack I would be tempted to lock in some $3 plus hedges on nat gas sales.   Add a "little" cap ex 10 - 15 million this fall,  put a rig to work this winter drilling a few gas heavy holes.  That is, if there are no more deals like the one they found in July of this year.  Cheers Matthew

[Cheadle12]

Nailed it Matt.  They're about 45% nat gas & aeco is only going higher.  Recent reports out saying due to the pending cold snap, gas is going much higher in the near term contract.  We'll see.   Lots of industrial projects that are set to absorb a lot of AB/BC gas by 2023.  Even suncor's co-gen project comes online in 2023.

[Hedberg77]

This sounds like good potential for TVE.  Yet, it's tough to deny the headwinds at the moment.  A federal government that was friendly to Alberta's oil and gas development would seem to help.  Not really sure how oil and natural gas inventories will change in the near term.  I want to see this business/investment succeed and don't want to be the pessimist, but

[rico91]

We need the market to start believing the story. Nat gas is on the rise big time as evidenced today. Investors were however tepid buyers. Seems like everyone is from Missouri! ( the show me state ).Oil and gas prices have been up one day and down the next.  We need some consistent price increases , even if they are small, to show the market where we are heading.  Rico