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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

Post by Bennys65on Jul 29, 2021 6:15am
257 Views
Post# 33619731

Conference Call

Conference CallLooks like steady eddy conservative as we go forward.Steve wants to put in another good quarter before bringing out a five year plan and giving us a view of where we are going on debt reduction buybacks and divs,On debt using company projection  will be down to 425 end of year and 180 end of 22.Clearwater has already hit itts guidence numbers 5000 for the year in July.They had earlier said we would be moving to 2 rigs on clearwater.Insteard sticking with 1 to year end and moving on Jarvie JV lands with crestwyn..Stated they wetre not interested in any acquitions for now but said the same thing just before they announced Anegada.Crestwyn has some juicy land in the western area which is really heating up with the BTE discovery.Couldnt figure out why they wanted sleepy eyehill with charlie lake and clearwater on deck.Brian gave the answer when he said with recent developements eyehill gives biggest return on capital of any dollar invested in the company.Must have killed Paul C of surge to have to sell it.Next three months will be interesting.
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