Was negative back in December and the bee is still stinging in the bonnet.
11:43 AM EST, 03/04/2024 (MT Newswires) -- RBC Capital Markets said Monday that Tamarack Valley Energy Ltd. (TVE.TO) delivered in-line results in the fourth quarter of 2023.
According to RBC, management accelerated capital into the final quarter of the year to take advantage of favorable weather and level load the program.
RBC said Tamarack's 2024 outlook remains intact, with management continuing to focus on debt repayment and enhanced shareholder returns.
"In our view, sentiment continues to skew negative with investors likely looking for strong operational execution through the next few prints prior to reengaging," RBC said.
Price: 3.52, Change: +0.03, Percent Change: +0.86