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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (104710)	7/30/2021 3:24:17 PM
From: Goose94	Read Replies (1) of 202448

Tamarack Valley Energy (TVE-T) revisited 5.0 Eric Nuttall on BNN.ca Market Call Friday July 30th @ 1200ET Tamarack has successfully pivoted from a company with a boring albeit profitable suite of assets to one with several years of running room in the hottest plays in Canada. Trading at 2.2x EV/’22 CF and a 31 per cent free cashflow yield we look to the company to announce an aggressive return of capital plan this September. Given such profound mispricing we hope the company will announce a five per cent base dividend along with a 10 per cent share buyback which would still leave $150MM of additional free cashflow with which to delever (debt/cashflow of < 0.5x) or add further to their inventory. A target multiple of 4.0x EV/CF equates to a $5.64 target price potentially returning 119 per cent from current levels.

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