Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 Relaxrelaxon Mar 01, 2023 9:40pm
247 Views
Post# 35314074

RE:Debt repayment slooooow

RE:Debt repayment slooooow

I don't know about that.  They had $805 million of FCF in 2022 vs $297 million in 2021. So keep in mind that we only had Delta onboard since mid October, just 2.5 months and look at those numbers.
If you look at the 4th quarter of 2022 (with Delta) compared to 2021 without, we had over $109 million more dollars of FCF in this quarter.

So for 2023, we'll have the FCF from Delta for the entire year so it could be an extra $436 million from Delta, that would get us to around 1.3 billion FCF this year.  Of course my numbers aren't exact and we don't know where oil is going but if you're an oil bull like me, just think of the possibilities.

It will be interesting to see if TVE gives about FCF projections for 2023 but I'm definitely not seeing 4 years to pay down this debt.

<< Previous
Bullboard Posts
Next >>