FP says Tamarack boss figures discipline still priority FP says Tamarack boss figures discipline still priority
Tamarack Valley Energy Ltd (2) (C:TVE)
Shares Issued 407,087,206
Last Close 9/7/2021 $2.53
Wednesday September 8 2021 - In the News
The Financial Post reports in its Wednesday edition that there are early signs that generalist institutional investors are returning to the oil and gas sector. The Post's Geoffrey Morgan writes that oil and gas exploration and production equities are expected to be among the most in-demand stocks over the next three months, according to a recent poll of institutional shareholders by Brendan Wood International, which regularly polls 2,000 global institutional investors managing over $51-trillion. Some of the smaller names in the sector are also generating generalist investor interest after years in which those investors shunned the oil and gas sector for other lower emissions industries, including renewable utilities and the tech sector. "It's nowhere near where you would expect given the superior financial performance of these companies," said Brian Schmidt, chief executive officer of Tamarack Valley Energy, adding that some generalist investors have bought back into his company's stock in recent equity raises. He adds that generalists will come back when companies can demonstrate they have a clean balance sheet and an ability to generate a lot of cash that will be paid out as dividends or share buybacks.
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