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Tamarack Valley Energy Ltd T.TVE

Alternate Symbol(s):  TNEYF

Energy Oil & Gas E&P
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

Tamarack Valley Energy Ltd > Under performer
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Comment by stocktalkon Sep 12, 2022 10:30am
178 Views
Post# 34956438

RE:RE:RE:Under performer

RE:RE:RE:Under performer
riski wrote: I dunno guys. $60,000/flowing barrel for clearwater assets plus huge land inventory in the hottest play in the world. Pretty good price and sets these guys up for massive growth.

I suspect the downdraft in crude oil prices sealed the deal. Delta was taking bids from multiple parties, most notably headwater but rumour has it there were megacaps in on the bid. Therefore I was expecting the assets to go for $70k+/boe. 

This deal was likely sitting there for months and delta finally conceded late last week, perhaps out of fear of a further drop in the price of oil into the fall which does not look likely to me.  

1condor wrote: Likely going to be ugly in the near term for TVE. Not a big fan of them buying up assets at this time. Will see today in the SP how other investors feel about it.


TVE, deal is accreative now  ! More lucrative  than wcp/xtc !!

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