Tamarack Valley Energy Ltd T.TVE

clearwater bitd and pieces.

[Bennys65]

Some people were disappointed in  conservative BTE conference call .Not me .BTE continues to derisk their land.The west when combined with private co reults have been derisked.They are getting over 300 bpd.The private is woodcote who we have according to steve a very good relationship.The basic message I got fromthe company,too early to start putting out numbers.So they say 10000 going to 15000.They are already at 8000.Conservative.They did say the analysts project total clerawater to go to 200000 bpd.We are now at 80000.Company added they think that number will be alot higher.Second half they will start to derisk the northeast.That is where we are.Would not comment on land sales which means more land will be coming.The sell on news crowd sold off bte on fri.Looking forward to may3

[Bennys65]

HWX said that in 2 years the 10 companies now in the clearwater will be 2 or 3.Potentaly controlling between 200000 and 300000 bpd of production.Not bad

[JohnnyDoe]

I am curious, where did they say that? It's interesting to speculate who those companies will be. Something I've been pumping for is Baytex selling its Eagle Ford assets and replacing the production in Alberta. Barrels in the ground are valued much higher in the US right now. I'd be looking to sell the production and reserves and buyback the production in the Clearwater.

[Bennys65]

Daily oil bulletin did a special last week on the clearwater highlighting TVE HWX BTE.That info was from HWX CEO

[Bennys65]

I also own BTE.Eagleford is a cash cow.Clearwater is self funding.Other than to bring down the debt quicker not sure they need the money of an asset saleThey will meet their debt target by June.Both great situations.

[JohnnyDoe]

for sure the Eagle Ford is a cash cow. But BTE is a Cdn company trading at Cdn multiples. US multiples are quite a bit higher. There's 200m barrels in the ground and we're getting a cdn multiple on it. In today's market, I keep thinking about selling those barrels at the higher multiple and buying them back at the lowe multiple. I think at 100 wti, those barrels sell well north of 10

[Bennys65]

I see we have the same stocks.You may be right on Eagleford from a valuation point of view.I guess it comes down to price.If BTE can get top dollar for their working interest in the eagleford and put it to work at higher returns in Canada they would be stupid not to do it.The clearwater is highly variable in terms of rock quality.Dont think BTE results are due to better drilling and completion.I

[egee]

1/4 results will be fantastic  market reaction will be underwhelming  why   Wish I could say , don't know.

[wannabebuffet]

TVE being the largest land holder in the Clearwater will likely be one of the three. Future looking good.

[Bennys65]

I agree.Steve in his enercon presentation was asked why the stock was lagging in share price.Part answer was rumors about future MA.The question is could we swallow a Spur over 20000 bpd at good metrics.The relationship is there.Ian Currie CEO of Spur is on our board.We have already in the past bought viking and southern clearwater from them.Time will tell

[Bennys65]

PS tve is the largest public company landowner.

[Zaphod]

I hope so.  I have somehow shifted my oil . I have like 20k worth of arc, same for erf and hwx . I dumped the bte as it has bad analysts ratings .  I have no idea how   but  I now have 100 worth of tve and a bit more tou. tou is at 42 so I'm rocking . I'm hoping tve at 4.70  works out...