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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 Lizzzyon Sep 11, 2022 12:44pm
210 Views
Post# 34955173

RE:Debt level/Return of Capital

RE:Debt level/Return of Capital

Sirlostalot wrote: Just wondering what thoughts on the board are with respect to debt levels and returns to shareholders. At an all businesss costs covered at 35wti and wti being in excess of 80 would Mgt not have over $2 million fcf per day conservatively , 140million for the 70 days in the quarter so far. Is there really any doubt debt wouldn't be under 400m ? Guess I'm just wondering for such a low cost producer where is all the cash .


not quite.  Adjusted funds flow is about 2m a day.  Free funds flow is slightly less than half that.  

Yes, net debt is well under $400m.  But they announced any enhanced dividends and enhanced shareholder returns will be announced on a QUARTERLY basis. So don't expect an announcement the very day their net debt goes below $400m
 

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