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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (77109)	3/7/2020 9:00:25 AM
From: Goose94	Read Replies (2) \| Respond to of 202433

Tamarack Valley Energy (TVE-T) revisited top pick from Eric Nuttall on BNN.ca Market Call Friday Mar 6th @ 1200ET Tamarack Valley is a small cap oil producer that is partially protected from the current short-term oil price weakness with 32 per cent of their oil hedged at $57.33 and a very strong balance sheet (1.1 times debt to cash flow at $50 unhedged). On a reserves basis, the stock trades at 81 per cent of their blow-down value (proved developing producing reserves) and at a 30 per cent free cash flow yield at $60 WTI (my by-end-of-year oil price). On a cash flow basis the stock trades at 2.6 times EV/CF at $50WTI and 1.9 times EV/CF at $60. I’ve never in my career been able to buy a strong free cash flowing business at less than two times their EV/CF (at normalized oil pricing). This is historic.