Tamarack Valley Energy

TVE-T

Analysis and Opinions about TVE-T

Signal
Opinion
Expert
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)
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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 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.
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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
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.
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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
TOP PICK
January 23, 2019
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)
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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
BUY
November 14, 2018
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.
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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
October 26, 2018

(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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(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.

HOLD
HOLD
September 14, 2018

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.

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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.

HOLD
HOLD
September 7, 2018

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.

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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.

BUY WEAKNESS
BUY WEAKNESS
July 16, 2018

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.

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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.

PAST TOP PICK
PAST TOP PICK
June 13, 2018

(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.

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(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.

SPECULATIVE BUY
SPECULATIVE BUY
May 4, 2018

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.

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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.

BUY
BUY
April 6, 2018

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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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.

BUY WEAKNESS
BUY WEAKNESS
March 16, 2018

He says this company is trading below book value, when historically it has traded at 2 times book. He still worries about low oil prices and how it impacts next quarterly earnings. He would buy this under $2.

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He says this company is trading below book value, when historically it has traded at 2 times book. He still worries about low oil prices and how it impacts next quarterly earnings. He would buy this under $2.

BUY
BUY
December 18, 2017

A debt of only $162 million so it trades at a discount to book value. The stock is depressed because of tax loss selling. They have had some spectacular wells. The stock is discounting even more success.

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A debt of only $162 million so it trades at a discount to book value. The stock is depressed because of tax loss selling. They have had some spectacular wells. The stock is discounting even more success.

TOP PICK
TOP PICK
September 28, 2017

There were in the penalty box for quite some time. They did not structure their acquisition very well. It is now going better than they expected. He really likes that they are in a similar play to another that is perfecting the play in Alberta. The market is not rewarding them for this at present. He thinks they will beat expectations. (Analysts’ target: $3.75).

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There were in the penalty box for quite some time. They did not structure their acquisition very well. It is now going better than they expected. He really likes that they are in a similar play to another that is perfecting the play in Alberta. The market is not rewarding them for this at present. He thinks they will beat expectations. (Analysts’ target: $3.75).

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