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

To: Goose94 who wrote (132981)	9/16/2022 3:56:31 PM
From: Goose94	Read Replies (1) \| Respond to of 202634

Tamarack Valley Energy (TVE-T) Eric Nuttall on BNN.ca Market Call Friday September 16th @ 1200ET Tamarack recently announced a material bolt-on acquisition in the Clearwater play from ARC Financial for $1.4 billion. While this transaction defers its ability to return meaningful free cash flow back to shareholders by about two quarters given the need to deliver, assets of this quality and running room rarely come to market. As a result, Tamarack is now the dominant public Clearwater player with 12+ years of running room in the most economic oil play in North America. We estimate the stock to be trading at 2.1x EV/CF and a 44 per cent free cash flow yield, able to buy back 12 per cent of its stock in 2023 while paying a four per cent dividend and peg fair value at 5X = $11.66/share = 195 per cent potential upside.