Tamarack Valley Energy (TVE.TO) Buy, Sell or…

Tamarack Valley Energy (TVE.TO)

11.86

+0.01 (0.08%)

as of Nov 13, 2026, 4:09:10 pm Market Open.

605 watching

COMMENT

Debt concerns? BXE took bankruptcy protection when debt became too much. There is no equity value in it any longer. Companies that have debt that matures in 2020 or 2021 will have issues. He sees no issues with BIR or TVE on this topic. The new Federal relief program for large companies may be difficult for companies to accept as it has provisions for up to 15% of ownership being made available in warrants to the government.

TOP PICK

It is trading at 82% of the liquidation value of the wells already on stream. They are 32% hedged at $57 oil prices. At $50 oil prices it is at 1 times debt to cash flow. This represents deep, deep value. Yield 0% (Analysts’ price target is $3.15)

TOP PICK

A new holding for them. It trades at 2.4 times cash flow with a 24% cash flow yield. A very good prospect for a potential acquisition. It needs $60 oil prices to generate that cash flow. Yield 0% (Analysts’ price target is $3.25)

PAST TOP PICK

(A Top Pick Jan 23/19, Down 18%) He still likes it. It trades about 2.5 times debt to cash flow. Their water flood project is bringing on more production. This could be a trade to buy here even for a short term bounce up.

WATCH

It is very cheap at current levels. They are involved in key Viking plays and are 62% liquids. He has a $4 target and a NAV of $1.80. He is watching, but might go with a dividend paying stock instead.

PAST TOP PICK

(A Top Pick Jan 23/19, Down 11%) Reported good numbers and still likes it. Trades at discount to its peers. Good valuation, cheap, and the company continues to grow. There's a huge disconnect between oil price and companies, so don't sell any of them.

TOP PICK

It is an oil producer. $4 is his target. Debt is not a problem. They are doing the long term things that are needed to grow the business. It is a very cheap stock. (Analysts’ price target is $3.31)

BUY

We've seen a big reversal in oil stocks in past days, including TVE, so this mean reversion trade is already underway. The 200-day moving average is $2.40. Seasonality is Sept.11-Jan 24.

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DON'T BUY

Keep averaging down? Will it ever recover? The energy sector is badly mispriced and no one is buying Canadian smallcap oil stocks. You can't average down forever; someone needs to buy those shares from you.

TOP PICK

Debt is only 23% so is not one to worry about for debt. His target is $4. 64% liquids. It was at $5.20 last year and is now under $2 late last week. Buy it at under $2. There is no dividend, though. (Analysts’ price target is $4.36)

BUY ON WEAKNESS

Debt is lower than peers. Equity's going up, debt is going down. Likes the company. He projects 200M in cash flow this year. It's on his watch list. Has a $5 target. If it gets under $2.50, it's a table-pounding buy. It's a buy on weakness, which we might get in Q2.

DON'T BUY

The balance sheet is good. However, being a Canadian light oil producer there is just not a lot of interest. They also had a vocal short seller to deal with. He does not feel the need to own this one.

TOP PICK

Over the past three months it have fallen in half. They are 65% oil weighted and cash flow has been very strong. They have been buying back shares. They expect $10-$14 million in free cash flow for Q4. At today's valuation it is trading at half the multiples of others in the energy sector that are similar market cap. It is extremely cheap and the stock could be back to $5 over the next year. Yield 0% (Analysts’ price target is $4.32)

BUY

This was her biggest win up until the last few weeks. Wonderful fundamentals. They are working on adding more inventory. Last quarter was their best quarter. She would recommend buying it now. However, may be a few quarters before see stock price appreciation.

PAST TOP PICK

(Past Top Pick Sept. 28, 2017, Up 29%) He bought it when it was unloved as the oil/gas sector was doing poorly. They were moving more into oil vs. gas. Their production was moving up. It's a large position for him. Production was going well, so more people traded it. They got added to the TSX, so index buyers started to buy them. They've upped their guidance twice now. Trades at a low multiple. Continues to like and hold it.

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Tamarack Valley Energy (TVE.TO)