Recommendation: Buy
| Entry Date | Symbol | Recommendation | Entry Price (CAD) | Target 1 (CAD) | Target 2 (CAD) | Holding Duration | Position Status | Return(%)* |
|---|---|---|---|---|---|---|---|---|
| 15 May, 26 | TVE | Buy | CAD 12.79 | CAD 13.6 | CAD 14.1 | 26 days | Closed |
6.33%
|
*Return(%) represent the percentage change between the entry price and exit price of the recommendation.
Data Powered by EOD Historical Data (“EODHD”).
Tamarack Valley Energy Ltd. engages in the exploration, development, production, and sale of oil, natural gas, and natural gas liquids in the Western Canadian sedimentary basin. The company's oil and natural gas properties are the Clearwater and Charlie Lake assets located in the province of Alberta, Canada. The company was formerly known as Tango Energy Inc. and changed its name to Tamarack Valley Energy Ltd. in June 2010. The company was incorporated in 2002 and is headquartered in Calgary, Canada.
Higher EBITDA Margin: 74.1% in Q1 2026 vs 42.1% of Industry Median
Higher Gross Margin: 86.0% in Q1 2026 vs 57.1% of Industry Median
Higher Cash Cycle Days: 36.4 Days in Q1 2026 vs 0.5 Days of Industry Median
Lower ROE: 0.3% in Q1 2026 vs 2.1% of Industry Median
Volatility in the commodity price, Regulatory risks, Trade tariffs, Inflationary pressures, Lower cash flows, etc.
| Entry Price | Support* | Target 1** | Target 2** |
|---|---|---|---|
| 12.79 | 11.85 | 13.6 | 14.1 |
Data Source: REFINITIV, Analysis: StockNextt
*Support can be considered as an indicative stop-loss, and if prices move below that level on closing basis individuals may evaluate exiting the position depending on their risk appetite, previous holdings, and other factors considered. The support and resistance levels may need to be re-evaluated within 4-6 weeks’ time frame depending on the stock price movements from the date of recommendation on the stock.
**Target prices may vary by ±0.5% depending on market volatility.
Production Growth and Cash Flow Generation: The company delivered robust Q1 results, with production rising 5% year-over-year to over 71,000 boe/d and Clearwater output up 19%. Strong operational execution translated into CAD 221.8 million of adjusted funds flow and CAD 128.1 million of free funds flow
Disciplined Capital Allocation: The company continues to balance growth with shareholder returns through buybacks, dividends, and debt reduction. Since early 2024, Tamarack has reduced its share count by 13.4%, demonstrating a strong commitment to long-term value creation
Clearwater Growth Platform Supports Long-Term Upside: Tamarack’s Clearwater asset continues to outperform, driven by successful drilling and expanding waterflood recovery. Increasing injection rates and production uplift provide a clear pathway for sustainable production growth and improved operating efficiency
Considering the expected valuation upside, higher production growth, operational efficiency, focused on growth advantageous market diversification and key business risks, a ‘Speculative Buy’ recommendation has been given on the stock at the last closing price of CAD 12.79, as on May 14, 2026
Data Powered by EOD Historical Data (“EODHD”).
Sector: Energy Industry: Oil & Gas E&P
| Company | Change (CAD) | Price (CAD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| TVE Tamarack Valley Energy Ltd |
0.47 3.86% | 12.65 | - | 384.62 | 4.11 | 2.95 | 3.68 | 10.90 |
| CNQ Canadian Natural Resources Ltd |
0.71 1.23% | 58.66 | 11.45 | 12.38 | 3.26 | 2.78 | 3.15 | 6.36 |
| OXY Occidental Petroleum CDR (CAD Hedged) |
-0.03 0.14% | 21.55 | 42.29 | 13.11 | 2.65 | 2.04 | 3.96 | 7.33 |
| TOU Tourmaline Oil Corp. |
0.53 0.88% | 60.69 | 87.74 | 15.80 | 5.03 | 1.50 | 3.97 | 7.33 |
| OVV Ovintiv Inc |
0.53 0.72% | 74.51 | 11.06 | 7.80 | 2.46 | 1.34 | 2.39 | 6.40 |
Data Powered by EOD Historical Data (“EODHD”).
Markets are trading in a highly volatile zone currently due to certain macro-economic issues and prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing.
Related Risks: This report may be looked at from high-risk perspective and recommendations are provided are for a short duration. Recommendations provided in this report are solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. Other factors which could impact the stock prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc.
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels as on May 15, 2026. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned has been achieved and is subject to the factors discussed above.
Note 4: StockNextt reports are prepared based on the stock prices captured either from REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Target: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Target 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Target 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
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