$12 / share target by Eric Nuttall Ninepoint ENERGY FUND on Top Holding Tamarack Energy TVE its the
Second stock in the clip; he also owns it personally. https://www.bnnbloomberg.ca/video/eric-nuttall-s-top-picks~2617868 Tamarack Valley (TVE TSX)
Tamarack significantly lagged in 2022 as the market digested its very active pace of consolidation in the Clearwater play. Now with at least 10 years of drilling inventory, the company is focused on reaching leverage targets to allow for more meaningful shareholder returns. With the stock trading at 2.8x/2.2X 2024 EV/CF at US$80/$100WTI we see fair value closer to $9.22/$12.37 at US$80/$100WTI.
TOP PICK $12 Target Price
Tamarack Valley Energy(TVE-T)
27/01/2023
Very aggressive at consolidating Clearwater acreage. Company continuing to pay down debt. Expecting a $12 share price given strong oil prices.
Oil / Gas
Eric Nuttall
$4.790
Owned