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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

Bullboard Posts
Comment by RollinInDoughon Dec 20, 2018 5:32pm
61 Views
Post# 29143385

RE:RE:12% UP in 2 days Tamarack Energy (TVE)

RE:RE:12% UP in 2 days Tamarack Energy (TVE)problem here is not the balance sheet... the debt is OK.. although it would have been advisable to pay it down during the good times they had... The big problem here is the low oil price they are getting.  They cannot make money at these prices.  But owning at the low end of a cycle is the way to make money in the oil bizz...I also own KEL,  I think KEL is the better company without a doubt.  about the same oil production but KEL wells are flowing way better but at a way higher cost to drill.. But when it comes to quality of management and assets... well, KEL is heads and shoulders better.  But to mitigate risk, I want to own more than one in the sector.. probably at least a basket of 5 or 6.  Still looking for a few more.  Might go up market and a divvy play like tou and wcp.
Bullboard Posts