Tamarack Valley Energy Ltd T.TVE

Free cash flow at $70 WTI

[Sirlostalot]

Hello all, fairly new to investing, particularly in small/mid cap oil stocks, wondering if someone can explain how badly the hedges effect TVE is it a few dollars per barrel or more significant and I would assume only a portion of production is hedged ??  Am I wrong in thinking that free cash flow at $36 wti break even and 40k boe is incredible and regardless of SP gyrations over the past week,  within 18-24 months this company will have 100s of millions to return to shareholders via dividend or share  buybacks ? Am I missing something ?

[Bennys65]

No not missing a thing.On one of the conference calls Brian said that TVE was 30% hedged to the end of the year after the Charlie Lake addition.Company and analysts suggest a possible div early in 2022.I think that depends how the market is rewarding div payers.Recent POU div gave the stock a pop so I remain hopefull.Short term cant explain the price .Looking out this company and stock price will