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Tamarack Valley Energy Ltd T.TVE

Alternate Symbol(s):  TNEYF

Tamarack Valley Energy Ltd. is a Canada-based oil and gas exploration and production company. The Company's asset portfolio is comprised of oil plays in Alberta, including Charlie Lake, Clearwater and several enhanced oil recovery (EOR) opportunities. The Company has an inventory of low-risk, oil development drilling locations. Its Clearwater oil play is located in north-central Alberta. Its Charlie Lake oil play is located in northwestern Alberta. Its EOR portfolio includes a set of assets across Alberta representing a range of formations and production types. The Company’s subsidiary is Tamarack Ridge Resources Inc.


TSX:TVE - Post by User

Comment by wannabebuffeton Dec 02, 2023 1:56pm
201 Views
Post# 35765267

RE:RE:RE:RE:upside is upside

RE:RE:RE:RE:upside is upside I think this may be where you saw it.
I marked it down on may calendar when I read it.
Should be positive.

The disposition further solidifies Tamarack's commitment to the focused development of its core Clearwater and Charlie Lake assets which are expected to represent ~88% of 2023 exit production volumes. Proceeds from the sale, in conjunction with forecasted free funds flow (2) at strip prices, have the Company on track to achieve the first net debt (2) threshold of its enhanced return of capital framework in 2023, as fourth quarter net debt (2) is expected to fall below $1.1 billion .

The Company is currently reviewing plans for 2024 and expects to provide guidance with respect to the 2024 budget on December 6, 2023 .

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