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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

Comment by wannabebuffeton Feb 26, 2022 8:26am
289 Views
Post# 34464067

RE:dividend...did I read this right?

RE:dividend...did I read this right?LOL 
The dividend seems pretty paltry but my read from Brian's presentations is that the intent is to raise the dividend as debt gets paid down and cash flow increases. So a monthly dividend although small now will likely become fine in time. We are seeing cash flow coming in spades so I think the dividend will be sweet a year from now. 
Since Eric Nuttall owns a lot of shares and tells management to 'pay me' I expect share buybacks and dividend increases are a given.
It is a good spot to be in.

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