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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 Bennys65on Sep 11, 2022 10:09am
167 Views
Post# 34955035

RE:Debt level/Return of Capital

RE:Debt level/Return of Capital Management goes to any lenghts to hit targets..We are pulling on a lot of levers.Buying great land, M&A,building gas plants to save 400,000 per well at charlie lake,derisking new land while expanding waterflood at Nipisi, paying down debt,and buying back shares.Selling viking assets and royalities allow them to do all these things while, staying on trackt for 400 million and then 200 million debt target time lines with the increased return on capital that comes when those targets are reached.Third party downtime on processing slowed us a bit but will be sorted by 2023.
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