Tamarack Valley Energy Ltd T.TVE

Alternate Symbol(s): TNEYF

Energy Oil & Gas E&P

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.

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Tamarack Valley Energy Ltd > Dividend Increase

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Post by Dibah420on Feb 19, 2024 8:25am

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Post# 35887363

Dividend Increase

Here's what Simply Wall Street had to say on the topic:

Tamarack Valley Energy

TVE

Share Price

7 Day

1 Year

3.16

1.0%

-23.9%

Dividend of CA$0.013 announced

Shareholders will receive a dividend of CA$0.013.

Ex-date: 28th February 2024
Payment date: 15th March 2024
Dividend yield will be 4.7%, which is lower than the industry average of 5.4%.

Sustainability & Growth

Dividend is not adequately covered by earnings (94% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend.
The dividend has increased by an average of 23% per year over the past 2 years and payments have been stable during that time.
The company's earnings per share (EPS) would need to grow by 4.0% to bring the payout ratio under control. EPS is expected to grow by 38% over the next 2 years, which is sufficient to bring the dividend into a sustainable range.

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