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Bullboard - Stock Discussion Forum Tamarack Valley Energy Ltd T.TVE

Alternate Symbol(s):  TNEYF

Tamarack Valley Energy Ltd. is a Canada-based oil and gas exploration and production company. The Company's asset portfolio is comprised of oil plays in Alberta, including Charlie Lake, Clearwater and several enhanced oil recovery (EOR) opportunities. The Company has an inventory of low-risk, oil development drilling locations. Its Clearwater oil play is located in north-central Alberta. Its... see more

TSX:TVE - Post Discussion

Tamarack Valley Energy Ltd > cheap energy stocks.....
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Post by Specific on Nov 07, 2024 8:05pm

cheap energy stocks.....

Energy stocks are up, yet many remain incredibly cheap for investors looking at a trending deal. If you’re looking to add some affordable energy stocks to your TSX portfolio, Vermilion Energy (TSX:VET), Athabasca Oil (TSX:ATH), and Tamarack Valley Energy (TSX:TVE) are three worth a close look. 

Tamarack Valley

Tamarack Valley Energy rounds out the energy stocks with an impressive combination of growth and shareholder returns. Trading at around $4.40, Tamarack has been delivering robust results, driven by its Clearwater and Charlie Lake drilling programs.

Q3 results showed a production increase to an average of 65,024 barrel of oil equivalent per day (boe/d), surpassing guidance. The energy stock reported free funds flow of $108.7 million, reflecting a substantial year-over-year increase. Tamarack’s unique approach to capital returns includes share buybacks and an increased dividend of $0.1530 per share annually. Its commitment to Indigenous partnerships also strengthens its ESG profile, which resonates with many investors today.

Valuation

One standout aspect of these stocks is their affordability in terms of valuation metrics. Vermilion’s forward price/earnings (P/E) ratio is a low 9.4, while Athabasca’s forward P/E is 10.1, and Tamarack’s trailing P/E stands at 11.2. These ratios are appealing for value-focused investors, especially when many growth stocks in other sectors are priced at significantly higher multiples. Additionally, the price-to-sales ratios remain modest, therefore suggesting potential for capital appreciation if energy prices remain favourable.

Sector-wise, these companies benefit from a strong Canadian heavy oil pricing environment and show resilience even at relatively low oil prices. Both Athabasca and Tamarack are structured to generate solid returns even if West Texas Intermediate (WTI) prices dip to around $50–60 per barrel, thus highlighting their strategic positioning. The robust free cash flow projections also support reinvestment into operations, further improving efficiency and shareholder returns over the long term.

As for dividends, Vermilion and Tamarack offer steady returns to shareholders, with Vermilion yielding around 3.7% and Tamarack recently increasing its dividend by 2%. This stability is complemented by Athabasca’s commitment to share buybacks, giving it a way to boost shareholder value without directly paying dividends. This might appeal to investors who prefer growth over income.

https://www.fool.ca/2024/11/04/3-incredibly-cheap-energy-stocks-to-buy-now-3/?utm_source=nl_thebacon&utm_medium=newsletter&utm_campaign=Nov-6

Comment by MLEWICKIMBA on Nov 07, 2024 8:59pm
TVE Should be a 4.95 Stock right now based on their new cost profile and what they can do at 70 and 75 dollar oil. 1. Diffs are a big deal. 2. CAD$ is a big deal 3. Costs per barrel is a big deal 4. On the ground management team is a big deal