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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 CanadianOil2022on Dec 20, 2021 7:29pm
337 Views
Post# 34248744

Tamarack $6/share Raymond James, Jeremy McCrea Says

Tamarack $6/share Raymond James, Jeremy McCrea SaysTAMARACK ENERGY ADDED CLEARWATER OIL ASSETS & will drill more oil wells than anyone in 2022 the most including Headwater or Baytex or Spur ...  So its a fairly sizeable deal  representing about 10% of market cap. But it is a typical public co. buying a private co. transaction, with TVE shares higher valued than private entities. It further consolidates the Clearwater oil play, and adds production, drilling locations and acreage. It is 7% accretive to cash flow. TVE is funding it with shares and debt, and has the capacity to do so. We would consider it a good move for the company. Cheers
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