Tamarack Valley Energy Ltd T.TVE

TVE Shares Currently Held By NinePoint Energy Fund?

[HoneyBadger77]

As of March 28th, 2024 TVE was Ninepoint's 8th largest holding (out of ten), as per Ninepoint's website:

Ninepoint Energy Fund :: Ninepoint Partners LP

And as per Investing.com website, they show Ninepoint's TVE holdings as their 3rd largest holding at 8.20% but it's not clear what the as of Holdings Date is:

Ninepoint Energy Fund Series A Fund Holdings - Investing.com Canada

And then there's Yahoo Finance that's doesn't even show TVE as one of Ninepoint's top ten holdings.

....And so I ask, does anyone have an accurate CURRENT update of what amount/percentage of TVE shares Ninepoint currently holds?  And with a link to that source.

I'm not sure when EN is next appearing on BNN but he needs to be asked the specific question of what percentage of TVE shares Ninepoint currently holds so that we can all determine if his fund is behind the more recent decline in TVE share price.  I believe someone recently posted that Ninepoint sold off about 11 million TVE shares (of the approximately 50 million shares) they once held but it would be worthwhile knowing just how many TVE shares Ninepoint has sold off.  TVE shares seem to be trading in a very tight range of .10 to .20 cents and so is it Ninepoint controlling TVE's share price (perhaps to help Ninepoint with their share buybacks) or some other entity?

Based on technicals, it appears that TVE share price is headed lower to around the $3.20 to $3.50 range before bottoming and heading above the $4 handle again and Ninepoint is more than capable of making this happen if they want to.  Of course the price of oil will be the ultimate deciding factor as to how much lower TVE shares fall and you can bet the Biden administration will do everything they can to put a cap on oil prices leading up to the summer driving season and election and that includes more SPR releases if needed.  A narrowing WCS spread will result in about $9 million for every dollar the spread narrows (according to the RBC analyst) so that will no doubt help going forward as the spread undoubtedly narrow in the coming months.

My opinion only, please DYODD.

HB77

I have a significant position in TVE and am looking to add more shares if they get down to the $3.20 to $3.50 range I'm expecting and after today's rather unimpressive Q1 earning release and their debt needle barely moving in Q1, many TVE investors are not impressed.

[HoneyBadger77]

Sorry, I missed adding the Yahoo Finance link: Ninepoint Energy Income Fund Series ETF (NRGI.NE) Holdings - Yahoo Finance

[Dibah420]

I note another 9pt holding that's missing in the Yahoo table is Precision Drilling which EN acquired in Q4 and was pumping vigorously as Top3. Now it's possible that he has dumped this one too, but it seems doubtful to me.

[HoneyBadger77]

Yes, that's a good point.  Of course Precision's float is very small so ideal for a fund like Ninepoint to move in and out of quickly making profit going long and short (and using BNN as a sounding board to benefit his trades). Holding 50 million shares of TVE is a little harder to move quickly should things suddenly go south and he's either got a bit nervous holding such a large

[Dibah420]

And speaking of turning the corner it seems we might end up in the green despite all the negativity at the start of the session. Cheers

[Dibah420]

# of ordersNumber of orders Total size Bid 17 13100 3.70 10 12400 3.69 10 16200 3.68 16 29400 3.67 11 22400 3.66 16 17900 3.65

[uwebb429]

Stockhouse shows the 11 million shares sold by Ninepoint as of March 31st. https://stockhouse.com/companies/ownership?symbol=t.tve It will be interesting to see if there have been any further sales since then.

[HoneyBadger77]

Well considering Ninepoint hasn't updated their website since March 28th, and the TVE share price decline continues, my guess is they've sold off more than the 11 million shares.  I think Ninepoint is going short right now with the intent of flipping and rebuying TVE shares and then going long once they've got TVE as low as they can.  It seems EN has adjusted his previously

[dandu1924]

Ninepoint is a trader so the income tax  is 100%  because the capital gain is not the case here.

[cre8value4me]

The frustration is that it doesn't trade up on days when reasonably it should but sure tanks in a hurry on any perception of negative news. I think this is going to be my last cycle participation in this mugs game of oil & gas stocks! They are just to easily manipulated by the boys club in Calgary! JMHO  GLTA

[Lousnews]

Hi HB, A quick way to check this would by to click on the ownership tab at the top right of this page. It appears to confirm that Ninepoints did sell 11 million shares back in March. Not sure if, or which sight would should more recent data.

[HoneyBadger77]

Thanks Lousnews but I don't have a lot of faith in Stockhouse's ability to keep there data current based on my experiences with other holdings. Ideally, I would like to hear it from the horse's mouth (EN) next time he's on BNN because he will either tell the truth or avoid answering the question and either way we get an answer.  Ninepoint held about 10% of TVE and so why dump

[marcrobert]

sounds like a !do not buy". happy to unload this at 5 bucks if that ever happens

[HoneyBadger77]

Remember this post?  Here's the link in case the text doesn't follow. TSX:TVE Forum Post | HoneyBadger77-36029133 | TVE Shares Currently Held By NinePoint Energy Fund? | Tamarack Valley Energy Ltd (stockhouse.com)   In particular, the question around how many shares of TVE Ninepoint still held at the time and if Ninepoint was perhaps dumping TVE, hence the share price

[uwebb429]

Morningstar shows Ninepoint have further reduced their TVE holdings to 35M shares as of April 30, 2024. https://www.morningstar.ca/ca/report/stocks/ownership.aspx?t=0P00005TFE&lang=en-CA TVE has been an under performer in the Ninepoint Energy Fund since it peaked two years ago at approximately $6.36. Lower highs and lower lows since then.  The Ninepoint Energy Fund was recently over 30

[geric]

He stated that 1 1/2 months ago they reduced their weighting from 10% to 6.5%.