Post by
wannabebuffet on Nov 30, 2024 8:12am
Tamarack Valley Energy Moat
Charlie Munger and Warren Buffett started the concept of businesses having moats.
Businesses with moats would do better than businesses that don't.
Examples were BNSF railway with the most track in the USA and Apple with its loyal customer base.
I believe TVE has a moat and it is the large land holdings in the very profitable Clearwater fairway.
The Clearwater is very predictable so it is not exploration it is just production.
The geology is known. It is sand so no fracking is required. There are decades of known reserves.
The waterflood materially raises production and is being improved ongoing.
1.1 billion seemed like a lot to me when it was purchased.
Brian knew what he was doing though.
He was building a moat and is still expanding the moat, meanwhile paying down the purchase price.
There are decades of production protected by a large moat.
I like it.
Comment by
Swackaboozy on Dec 01, 2024 2:10am
How about a moat full of Piranhas and crocodiles to catch that scumbag Trudeau and his stooge Guilbeault