Tamarack Valley Energy Ltd T.TVE

Nuttall Details

[retiredcf]

Last stock in the clip; he also owns it personally. GLTA

https://www.bnnbloomberg.ca/video/eric-nuttall-s-top-picks~2456651

TAMARACK VALLEY (TVE TSX)

With exposure to some of the most profitable play in North America, TVE trades at a highly attractive 2.4x EV/CF and 27 per cent free cash flow company. With leverage metrics to soon be hit, the company has pledged to return at least 50 per cent of free cash flow back to investors with 75 per cent by mid-2023 once their final leverage metric is reached. We think a fairer multiple is 5x = $11.20 target price = 110 per cent potential upside,
 

TOP PICK

Tamarack Valley Energy(TVE-T)

02/06/2022 at 08:00pm

 

Company has high exposure to Clearwater oil play, with very fast well payouts (return on investment). Trading at 2.4x cash flow with a 27% free cash flow yield. Committed to returning 50% of cash flow back to shareholders (expecting 75% soon). Thinks that a 5x multiple appreciation on share price is reasonable (100% upside).

OIL / GAS

 

Eric Nuttall

$5.620

Owned

 

[TheWokeLemming]

Beware.   One day he'll come on BNN and tell you that he sold all of it, most likely before the year is over.  My opinion only.  

[geric]

He clearly states that he is after a certain percentage upside and when he achieves that he moves on.  No one should blindly follow his picks anyway.  Go along for the ride and reap the rewards keeping in mind your own goals.  He sold CJ but I will keep it for the juicy dividends, not necessarily the capital appreciation. Best of luck to all.

[egee]

Review track record Review stock turnover Protect the downside if your coming into sector now

[israuc]

Then what ?!?  I mean, he has sold Baytex and Athabaska a couple of times and look today.   He still a shareholder.   He is there to make money and he is good at it.

[Weldon]

I totally agree with you. As Eric said: "they don't marry a company.|"  I also watch him on BNN and so far...he has been correct most of the time. I try to watch him on TV whenever he is a guest of BNN. And I also take notes on his recommendations.  He is good at what he does.

[newcoin]

He is good at what he does. Remember that he was wrong for six years in a row. From 2014 until 2020 he was a loser. Wrong every day as oil fell, even until it was negative. So these are his glory days right now. I love Eric he is my guru. But he is not perfect. And the oil markets are not perfect. And these vibrant times will not last forever.   

[wannabebuffet]

Eric Nuttall is usually conservative with his estimates. I would be happy with 11.50 but expect that is just the start of a long run.