Tamarack Valley Energy

TVE-T

Analysis and Opinions about TVE-T

Signal
Opinion
Expert
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).

COMMENT
COMMENT
February 28, 2017

This is by far the cheapest of his oil/gas holdings and he really likes it. There is a bit of an overhang, because they made an acquisition, which gave them a lot of stock, and there has been some selling going on. This is probably the right time to start a position in some of these names. This is extremely cheap at today’s prices.

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This is by far the cheapest of his oil/gas holdings and he really likes it. There is a bit of an overhang, because they made an acquisition, which gave them a lot of stock, and there has been some selling going on. This is probably the right time to start a position in some of these names. This is extremely cheap at today’s prices.

COMMENT
COMMENT
February 10, 2017

He likes this company. A smaller high growth play.

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He likes this company. A smaller high growth play.

DON'T BUY
DON'T BUY
January 9, 2017

They did a number of acquisitions last year. The stock is now ahead of itself because he thinks they paid too much for their last acquisition.

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They did a number of acquisitions last year. The stock is now ahead of itself because he thinks they paid too much for their last acquisition.

TOP PICK
TOP PICK
September 29, 2016

This one has been a laggard. It has trailed a lot of other oil and gas companies. They did a fantastic job of growing production. They did a good job of cutting down their costs. They are not levered because they have a great balance sheet.

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This one has been a laggard. It has trailed a lot of other oil and gas companies. They did a fantastic job of growing production. They did a good job of cutting down their costs. They are not levered because they have a great balance sheet.

PAST TOP PICK
PAST TOP PICK
May 27, 2016

(A Top Pick June 8/15. Up 4.47%.) No longer owns this. It has massively outperformed how oil has done. However, unless they do some wildly accretive acquisitions, it is trading at fair value. He wouldn’t own this today.

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(A Top Pick June 8/15. Up 4.47%.) No longer owns this. It has massively outperformed how oil has done. However, unless they do some wildly accretive acquisitions, it is trading at fair value. He wouldn’t own this today.

PAST TOP PICK
PAST TOP PICK
May 16, 2016

(A Top Pick June 12/15. Up 1.54%.) Likes management and the quality of the assets. The balance sheet is good. Have done some exceptional things in getting their costs down and improving efficiencies in their drilling, and have done really well in consolidating their plays. This is still a Buy.

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(A Top Pick June 12/15. Up 1.54%.) Likes management and the quality of the assets. The balance sheet is good. Have done some exceptional things in getting their costs down and improving efficiencies in their drilling, and have done really well in consolidating their plays. This is still a Buy.

PAST TOP PICK
PAST TOP PICK
April 22, 2016

(A Top Pick April 6/15. Down 5.36%.) A Cardium oil producer and have done a great job. They are building a dominant area at a very low cost. Likes the stock, but feels it is a bit ahead of itself right now. If it backed off to below $3, he feels it would be a table pounding Buy.

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(A Top Pick April 6/15. Down 5.36%.) A Cardium oil producer and have done a great job. They are building a dominant area at a very low cost. Likes the stock, but feels it is a bit ahead of itself right now. If it backed off to below $3, he feels it would be a table pounding Buy.

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