TSE:TVE
1.05
0.05
(5.00%)
Tamarack Valley Energy
TVE-T
Analysis and Opinions about TVE-T
Signal
Opinion
Expert
BUY
BUY
August 6, 2020
It remains a top holding for him. The company is cheaply valued relative to asset quality and balance sheet strength. He thinks it's too cheap to last and the sector will probably consolidate. He expects it to be acquired at a meaningful premium.
Show full opinionHide full opinion
It remains a top holding for him. The company is cheaply valued relative to asset quality and balance sheet strength. He thinks it's too cheap to last and the sector will probably consolidate. He expects it to be acquired at a meaningful premium.
PAST TOP PICK
PAST TOP PICK
June 23, 2020
(A Top Pick Jun 20/19, Down 60%) He expects their volumes to be flat in the next two quarters, then picking up. Buy on weakness under 70 cents. It's nearly triped from the March bottom.
Show full opinionHide full opinion(A Top Pick Jun 20/19, Down 60%) He expects their volumes to be flat in the next two quarters, then picking up. Buy on weakness under 70 cents. It's nearly triped from the March bottom.
TOP PICK
TOP PICK
June 19, 2020
They are $209 million on a $275 million line of credit and they are cash flow positive. They have one of the strongest balance sheets in the small to medium cap energy space. It trades at 2.1 times cash flow at $50 oil. They are keeping production flat and using cash flow to pay back debt and do share buybacks. This company could be a takeover target in the future. Yield 0% (Analysts’ price target is $1.46)
Show full opinionHide full opinionThey are $209 million on a $275 million line of credit and they are cash flow positive. They have one of the strongest balance sheets in the small to medium cap energy space. It trades at 2.1 times cash flow at $50 oil. They are keeping production flat and using cash flow to pay back debt and do share buybacks. This company could be a takeover target in the future. Yield 0% (Analysts’ price target is $1.46)
COMMENT
COMMENT
May 20, 2020
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.
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
TOP PICK
March 6, 2020
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)
Show full opinionHide full opinionIt 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
TOP PICK
February 12, 2020
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)
Show full opinionHide full opinionA 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
PAST TOP PICK
January 31, 2020
(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.
Show full opinionHide full opinion(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
WATCH
January 24, 2020
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.
Show full opinionHide full opinionIt 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
PAST TOP PICK
November 25, 2019
(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.
Show full opinionHide full opinion(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
TOP PICK
November 21, 2019
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)
Show full opinionHide full opinionIt 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
BUY
July 31, 2019
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.
Show full opinionHide full opinionWe'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.
DON'T BUY
DON'T BUY
July 19, 2019
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.
Show full opinionHide full opinionKeep 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
TOP PICK
June 20, 2019
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)
Show full opinionHide full opinionDebt 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 WEAKNESS
BUY WEAKNESS
April 18, 2019
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.
Show full opinionHide full opinionDebt 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
DON'T BUY
January 25, 2019
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.
Show full opinionHide full opinionThe 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.
Tamarack Valley Energy(TVE-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 4
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 4
Tamarack Valley Energy(TVE-T) Frequently Asked Questions
What is Tamarack Valley Energy stock symbol?
Tamarack Valley Energy is a Canadian stock, trading under the symbol TVE-T on the Toronto Stock Exchange (TVE-CT). It is usually referred to as TSX:TVE or TVE-T
Is Tamarack Valley Energy a buy or a sell?
In the last year, 4 stock analysts published opinions about TVE-T. 4 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is BUY. Read the latest stock experts' ratings for Tamarack Valley Energy.
Is Tamarack Valley Energy a good investment or a top pick?
Tamarack Valley Energy was recommended as a Top Pick by Eric Nuttall on 2020-08-06. Read the latest stock experts ratings for Tamarack Valley Energy.
Why is Tamarack Valley Energy stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Tamarack Valley Energy worth watching?
4 stock analysts on Stockchase covered Tamarack Valley Energy In the last year. It is a trending stock that is worth watching.
What is Tamarack Valley Energy stock price?
On 2020-08-14, Tamarack Valley Energy (TVE-T) stock closed at a price of $1.05.
