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


To: Goose94 who wrote (103385)3/27/2021 1:58:06 AM
From: Goose94Read Replies (1) | Respond to of 202668
 
Tamarack Valley Energy (TVE-T) revisited 4.0 top pick from Eric Nuttall on BNN.ca Market Call Friday Mar 27th @ 1200ET

Tamarack recently entered into the Clearwater play, the most profitable oil play in North America via a series of acquisitions offering a more exciting element to the story. Trading at only 2.5X 2022 EV/CF at $60WTI and a 24 per cent free cash flow yield we think Tamarack could soon begin to pay a dividend while also modestly growing production and further returning capital to shareholders via a share buyback. At $60WTI Tamarack could buy back all of its outstanding shares and pay off all of its bank debt in only 4.6 years yet has many more years than that of running room in their various plays. We think fair value is 4X EV/CF at $60WTI = $3.50 share price = 67 per cent potential upside.