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

To: Goose94 who wrote (99613)	12/11/2020 2:05:56 PM
From: Goose94	Read Replies (2) \| Respond to of 202448

Tamarack Valley Energy (TVE-T) revisited 3.0 top pick from Eric Nuttall on BNN.ca Market Call Friday Dec 11th @ 1200ET The TORC-Whitecap merger has shattered the status quo: small cap companies must get bigger in order to gain relevance with large institutional investors or they need to exit. It is that simple. We see Tamarack Velley as the next most likely takeout candidate in Canada. It trades inexpensively (3.5/2.6 times at $50/$60 WTI), has a low level of debt (1.50 times at $50), a low decline rate given its successful waterflood project (23 per cent) and can generate a tremendous amount of free cashflow (13/32 per cent free cashflow yield at $50/$60). The stock is still down 40 per cent year-to-date and we see over 100 per cent upside if we are correct that oil will rally to $60 WTI in 2H/21.