Tamarack Valley Energy
TVE-T
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(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.
(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.
A good mid-cap name. He likes the upside on their Viking assets. They are generating good cash flow, buying back shares, paying down debt. He is looking for even more torque – heavy oil centric companies in particular.
A good mid-cap name. He likes the upside on their Viking assets. They are generating good cash flow, buying back shares, paying down debt. He is looking for even more torque – heavy oil centric companies in particular.
Their volumes continue to grow, especially into light oils in the Viking and Cardium areas. The company’s book value is $3.21 per share. The balance sheet is in good shape, with only 20% debt.
Their volumes continue to grow, especially into light oils in the Viking and Cardium areas. The company’s book value is $3.21 per share. The balance sheet is in good shape, with only 20% debt.
They have done a fabulous job of growing and the debt is minimal. He thinks the company has significant upside potential. There is a bottoming process taking place in oil and it may be some time before it starts to go back up.
They have done a fabulous job of growing and the debt is minimal. He thinks the company has significant upside potential. There is a bottoming process taking place in oil and it may be some time before it starts to go back up.
(A Top Pick September 28/17 Up 49%) He liked their operations and how they were producing a higher boe/day and became more oily. When Spartan got taken out, it made TVE-T look extremely cheap and the stock rallied aggressively. He thinks some US buyers have entered in now.
(A Top Pick September 28/17 Up 49%) He liked their operations and how they were producing a higher boe/day and became more oily. When Spartan got taken out, it made TVE-T look extremely cheap and the stock rallied aggressively. He thinks some US buyers have entered in now.
Their market cap is below a level to entice large investors. Money is coming into the sector from the US, but this is not a highly ranked one. It is trading at only 3 times cash flow based on $70 oil – normally it trades at 5-6 times.
Their market cap is below a level to entice large investors. Money is coming into the sector from the US, but this is not a highly ranked one. It is trading at only 3 times cash flow based on $70 oil – normally it trades at 5-6 times.
This was one of his previous Top Picks. It is one of the cheapest oil and gas stocks. Operationally they have beaten expectations the last couple of quarters.
This was one of his previous Top Picks. It is one of the cheapest oil and gas stocks. Operationally they have beaten expectations the last couple of quarters.
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