A lot of oil stocks are just coming into that base. He'd like to see it bounce, or you can take an initial leg in. Don't commit all at once, try 2% at a time out of a 6% position. See if it bases, buy a bit on a bounce, and then wait.
Owns shares in company.
Excellent prospects if energy prices remain high.
High cost assets with good torque to commodity price.
Will continue to hold shares.
Recent share price is lagging compared to other names in sector.
Believes current share price is presenting buying opportunity.
Canadian energy very under priced.
Good time to buy for long term investors.
Working through debt after a 2-year acquisition binge. Looking for a return to higher shareholder capital returns. Now at 25% of free cashflow, and he's hoping for 75% by the end of this year, when it will look more interesting.
Active on M&A has been tough on shares.
Overhang on share count being reduced post Deltastream acquisition.
Paying down debt at high rate.
Exposure to Clearwater oil play (most economic oil play in North America).
Still 100% upside.
There is more interest and less risk in long life oil and large cap companies within the sector. Tamarack Valley is not a good risk reward investment.
Multi-year bull market for oil.
Large exposure to Clearwater oil play (most profitable in North America).
Largest shareholder of company (~44 million shares).
Returning 50% of free cash flow by the end of the year.
Meaningful upside in 23/24'.
Large reserve life buildup.
$100 oil price would see 200% upside to stock.
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
In the last year, 10 stock analysts published opinions about TVE-T. 9 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Tamarack Valley Energy.
Tamarack Valley Energy was recommended as a Top Pick by on . Read the latest stock experts ratings for Tamarack Valley Energy.
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.
10 stock analysts on Stockchase covered Tamarack Valley Energy In the last year. It is a trending stock that is worth watching.
On 2023-06-08, Tamarack Valley Energy (TVE-T) stock closed at a price of $3.45.
He's been adding on dips. Aggressive last year buying assets. Need to de-lever debt. Exposed to most economic plays in Canada. Catalyst-light compared to other names. Value proposition is still very good. Meaningful leverage to the price of oil. Still lots of upside, depending on the oil price.