Q: What is the investment thesis behind TVE and why should investors be considering this stock in their energy portfolio?
It seems 5i is quite positive on the stock w/ a good holding in their Growth portfolio as well as making some of their top picks for energy names.
Curious to learn more about why this company makes a good investment ?
It seems 5i is quite positive on the stock w/ a good holding in their Growth portfolio as well as making some of their top picks for energy names.
Curious to learn more about why this company makes a good investment ?
5i Research Answer:
Management is solid and there has been recent insider buying. The balance sheet is very strong and good earnings/cash flow growth is expected. It can't control commodity prices but can control its costs and production (both good). The dividend is well-covered and has growth potential. Stock momentum is solid. It may be an acquisition target. Its drilling has shown good success and its assets are quality producers. There is a lot to like here.