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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 Konaboyon Apr 28, 2022 6:56pm
184 Views
Post# 34640621

RE:RE:RE:Last 3 months performance

RE:RE:RE:Last 3 months performance Thank you for the laugh!   So true ... the older I get the happier I am to wait a bit for good things, anticipation is healthy and all part of the fun.

If Clearwater turns out to be overall as prolific as is being experienced by BTE, everyone will be changing their story pretty quickly.  Wow, did WE ever make a great move with that purchase before we got priced out of the area.

There is a chart in the current presentation showing debt levels at various WTI points, and let's just say that the Q1 and Q2 cash flows, notwithstanding the recent purchase, are going to push that curve down hard.  

If you want instant returns, go buy a lottery ticket, or play bingo.  Both of which can be more entertaining than watching the ticker all day every day.

Namaste


Oldgreyguy wrote: Wow, you guys have the patience and attention span of a fly.  TVE stated that they were starting a small base dividend and paying down debt.  Once the debt level got to a certain range they would do buybacks and/or special dividends.  Since then they made an accretive acquisition in their main focus area and increased the base dividend, while affirming the intention for buybacks and more shareholder cash.  It seems to me that you want to fire the CEO for doing what he promissed.  By the way the stock is up 25% year to date and Q1 numbers aren't out yet.


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